Chorus updates syndicated bank facility

Chorus Limited
Level 10, 1 Willis Street
P O Box 632
Wellington
New Zealand

Email: company.secretary@chorus.co.nz





STOCK EXCHANGE ANNOUNCEMENT

1 May 2023


Chorus updates syndicated bank facility

Chorus has updated its committed bank facility to provide additional financial
flexibility.

The facility limit has been raised from NZ$350m to NZ$450m and the maturity date
has been extended from April 2025 to April 2026. The covenants remain the same at
5.50 times debt to EBITDA and 2.50 times interest coverage.


Authorised by:

Mark Aue
Chief Financial Officer

ENDS


For further information:

Steve Pettigrew
Head of External Communications
Mobile: +64 (27) 258 6257
Email: steve.pettigrew@chorus.co.nz

Brett Jackson
Investor Relations Manager
Phone: +64 4 896 4039
Mobile: +64 (27) 488 7808
Email: brett.jackson@chorus.co.nz