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CHORUS LIMITED — Capital/Financing Update 2023
Apr 30, 2023
64680_rns_2023-04-30_4208b73d-c376-4e66-a12b-f4cfef54f5db.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
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: [email protected]
Brett Jackson Investor Relations Manager Phone: +64 4 896 4039 Mobile: +64 (27) 488 7808 Email: [email protected]