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CHORUS LIMITED — Capital/Financing Update 2013
May 8, 2013
64680_rns_2013-05-08_9a5927f6-63ed-4b2b-be5e-aadeb21a3875.pdf
Capital/Financing Update
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Chorus Limited Level 9 Datacom House 68-86 Jervois Quay P O Box 632 Wellington New Zealand Email: [email protected]
STOCK EXCHANGE ANNOUNCEMENT
9 May 2013
Chorus extends syndicated bank facility by 12 months
Chorus has today entered into an agreement which, subject to standard conditions, extends the maturity dates for its existing NZ$1.35 billion syndicated bank facility by 12 months.
The syndicated bank facility comprises two equal tranches of $675 million, previously for three and five year periods. These are now due to mature in November 2015 and November 2017 respectively.
Chorus CFO Andrew Carroll said Chorus was pleased to have secured the extension of funding on the same financial terms.
“Our banking syndicate was supportive of the extension and we saw it as a prudent step to provide longer dated funding to support our building of the new fibre network,” he said.
ENDS
For further information:
Ian Bonnar Corporate Affairs Manager Phone: +64 9 358 6061 Mobile: +64 (27) 215 7564 Email: [email protected]
Brett Jackson Investor Relations Manager Phone: +64 4 498 9271 Mobile: +64 (27) 488 7808 Email: [email protected]