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CHORUS LIMITED — Capital/Financing Update 2019
Mar 28, 2019
64680_rns_2019-03-28_8e748b73-d46e-4f33-b35b-8ca96008075e.pdf
Capital/Financing Update
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Chorus Limited Level 10, 1 Willis Street P O Box 632 Wellington New Zealand
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Email: [email protected]
STOCK EXCHANGE ANNOUNCEMENT
29 March 2019
Chorus extends and increases syndicated bank facility
Chorus has today announced it has entered into amendments to its committed bank facility, providing additional financial flexibility and funding certainty.
Under the amendments Chorus has extended the existing $350m facility by one year to May 2022, and added an additional 5 year, $200m tranche expiring in May 2024. The facility is currently undrawn.
The amended $550 million facility is again supported by seven banks, and Chorus CFO David Collins said, “Chorus appreciated the banks’ ongoing support”.
ENDS Nathan Beaumont Andrew Hopkinson Stakeholder Communications Manager Treasurer Phone: +64 4 896 4352 Phone: +64 4 896 4016 Mobile: +64 (21) 243 8412 Mobile: +64 (27) 249 5678 Email: [email protected] Email: [email protected]