Spark Finance extends SLL and establishes new Facility
Spark New Zealand Limited
ARBN 050 611 277 Spark City, 167 Victoria Street West, Private Bag 92028, Auckland, New Zealand
MARKET RELEASE – THURSDAY, 28 NOVEMBER 2024
EMBARGOED UNTIL [DATE] [delete this row if not required]
Spark Finance extends Sustainability Linked Loan
and establishes new Facility
Spark Finance Limited (“Spark Finance”), the wholly owned subsidiary of Spark New Zealand
Limited (“Spark”) that carries out the borrowing activities for the Spark group, announced today
that it has:
• extended the term of its NZ$100 million committed revolving sustainability linked loan
facility with Commonwealth Bank of Australia (the “SLL”) by three years, to mature on 30
November 2027; and
• established a NZ$100 million committed revolving facility with Commonwealth Bank of
Australia (the “Facility”), to mature on 28 May 2025.
Spark Finance’s SLL has a dual focus on Spark’s environmental and gender diversity
performance. For the SLL extension, the gender representation target has been replaced with a
median gender pay gap target. The environmental targets remain unchanged.
The SLL will be verified by Det Norske Veritas to ensure it aligns with the 2023 APLMA
Sustainability Linked Loan Principles as a condition subsequent.
The SLL and Facility will be used for general corporate purposes.
Authorised by:
Stefan Knight
Finance Director
For media queries please contact:
Althea Lovell
Corporate Relations Lead Partner
(64) 21 222 2992
althea.lovell@spark.co.nz
For investor queries please contact:
Stefan Knight
Finance Director
(64) 27 252 9438
stefan.knight@spark.co.nz
About Spark
As New Zealand's largest telecommunications and digital services company, Spark’s purpose is to
help all of New Zealand win big in a digital world. Spark provides mobile, broadband, and digital
services to millions of New Zealanders and thousands of New Zealand businesses.
www.sparknz.co.nz
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