AI assistant
GTN LIMITED — Capital/Financing Update 2021
Dec 15, 2021
65025_rns_2021-12-15_a1f84caf-d592-42e0-a5ab-c14d8fbca7ab.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
16 December 2021
==> picture [133 x 160] intentionally omitted <==
Waiver of Review Event under debt facility agreement
GTN Limited ( ASX: GTN ) advises that the Review Event under its debt facility agreement has been waived by its lender, subject to an Amendment Letter to the Facility Agreement being completed within the next 45 days lifting the percentage ownership Viburnum may have in GTN Limited from 30% to 35% before a Review Event occurs.
As previously announced earlier today, Viburnum advised the Company that its voting power in the Company had increased to 30.72% which constituted a Review Event under the terms of the Debt Facility.
The Company will update shareholders in accordance with its continuous disclosure obligations.
For further enquiries please contact:
Scott Cody Chief Financial Officer & Chief Operating Officer, GTN Limited Ph: +61 2 9963 6760 [email protected]
Announcement authorised by:
Scott Cody, Chief Financial Officer and Chief Operating Officer