AI assistant
TELSTRA GROUP LIMITED Capital/Financing Update 2003
65927_rns_2003-04-27_7877da3e-50b4-41e8-bef9-b0622ef82e8f.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
25 April 2003
The Manager Company Announcements Office Australian Stock Exchange 10th Floor, 20 Bond Street SYDNEY NSW 2000
Office of the Company Secretary
Level 41 242 Exhibition Street MELBOURNE VIC 3000 AUSTRALIA
Telephone 03 9634 6400 Facsimile 03 9632 3215
ELECTRONIC LODGEMENT
Dear Sir or Madam
REACH confirms finalisation of revised syndicated loan and repayment of US\$300 million to syndicated banks
For your information, further to our ASX announcement of 14 April 2003 attached is a copy of a media release made by REACH Ltd. today.
Yours sincerely
North braking
Douglas Gration Company Secretary
Telstra Corporation Limited ACN 051 775 556 ABN 33 051 775 556
REACH confirms finalisation of revised syndicated loan and repayment of US\$300 million to syndicated banks
Hong Kong, April 25, 2003 - Reach Ltd. confirms that it has today finalised the new terms for its syndicated US\$1.5 billion loan facility on the same "in-principle agreement" terms disclosed by PCCW Limited and Telstra Corporation Limited to their respective stock exchanges on 14 April 2003. In addition, REACH today repaid US\$300 million to the syndicated banks, thereby reducing the outstanding loan to US\$1.2 billion. For copies of the original PCCW and Telstra disclosures, please visit www.pccw.com or www.telstra.com
About REACH
REACH is Asia's largest international carrier of combined voice, private line and IP data services. It is also one of the world's top ten carriers of international voice traffic. REACH's products and services include an extensive portfolio of voice. data, IP and satellite connectivity. The company has interests in more than 50 submarine cable and satellite systems (including Asia's largest teleport), and operating licences and landing rights in most major markets including Hong Kong, Japan, Korea, Taiwan, Singapore, Australia, North America and Europe. REACH is headquartered in Hong Kong, with a significant presence in Australia and substantial businesses across Asia. North America and Europe. For further information, please visit www.reach.com
Media inquiries:
English-language Martin Ratia Corporate Affairs (612) 8289 0089 Tel: Fax: (61 2) 9283 1249 [email protected]
Chinese-language Shirley Woo Corporate Affairs Tel: (852) 2883 6311 (852) 2802 4718 Fax: [email protected]