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thl obtains bank approval for covenant amendments

Thursday 23rd May 2024

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On 6 May, as part of an update to FY24 earnings guidance, thl advised that, even though it was forecasting to be compliant with its covenant assessments for the 30 June 2024 quarter, it would be engaging with its banking syndicate to seek to amend the covenant package to better reflect current trading conditions.


thl now advises that it has received approval from its banking syndicate for the requested amendments to covenants in relation to the 30 June 2024 quarter.


thl did not seek amendments to covenants for future quarters as it is forecasting greater tolerance in those periods.




Authorised by:


Cathy Quinn ONZM

Chair, Tourism Holdings Limited


For further information contact:



Grant Webster

thl Chief Executive Officer

Direct Dial: +64 9 336 4255

Mobile: +64 21 449 210


Investors and Analysts:

Amir Ansari

Manager – Strategy & Development; Company Secretary

Direct Dial: +64 9 336 4203

Mobile: +64 21 163 8053


About thl (


thl is a global tourism operator listed on the NZX and ASX (code: THL) and is the largest commercial RV rental operator in the world. In New Zealand/Australia, thl operates rental brands (Maui, Britz, Apollo, Mighty, Hippie, Cheapa Campa), manufacturing (Action Manufacturing, Apollo), retail brands (Talvor, Kea, Winnebago, Adria, Coromal, Windsor), retail dealerships (RV Super Centre, Apollo RV Sales, Kratzmann, George Day, Sydney RV, Camperagent, E-Camperco), travel technology (TripTech) and tourism attractions (Kiwi Experience and the Discover Waitomo Group, which includes Waitomo Glowworm Caves, Ruakuri Cave, Aranui Cave and The Legendary Black Water Rafting Co.). In North America, thl operates the Road Bear RV, El Monte RV, CanaDream, Britz and Mighty rental brands. In UK and Europe, thl operates the Just go, Apollo and Bunk Campers rental brands.

NZX Release - thl obtains bank approval for covenant amendments

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