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CHORUS LIMITED — Capital/Financing Update 2022
May 2, 2022
64680_rns_2022-05-02_c409133d-2b17-481e-974d-bd2016d8e592.pdf
Capital/Financing Update
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Chorus Limited Level 10, 1 Willis Street P O Box 632 Wellington New Zealand
Email: [email protected]
STOCK EXCHANGE ANNOUNCEMENT
3 May 2022
Chorus amends syndicated bank facility
Chorus has finalised amendments to its $350m committed bank facility, providing additional financial flexibility and funding certainty.
The facility covenants have been revised from 4.75 to 5.50 times debt to EBITDA and 2.75 to 2.50 times interest coverage, to better align with the recent changes to Chorus’ credit rating thresholds.
Chorus has extended the maturity date of the $350 million facility from April 2024 to April 2025.
Authorised by:
Andrew Carroll
GM, Customer and Network Operations
ENDS
For further information:
Steve Pettigrew Head of External Communications Mobile: +64 (27) 258 6257 Email: [email protected]
Brett Jackson Investor Relations Manager Phone: +64 4 896 4039 Mobile: +64 (27) 488 7808 Email: [email protected]