Friday 16th December 2022 |
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Restaurant Brands New Zealand Limited (RBD) is pleased to announce that it has renewed its current bank lending facilities with Westpac, JPMorgan, Rabobank and Bank of China - the majority of which were due to expire in April 2023.
RBD has bi-lateral committed bank debt facilities under a global negative pledge arrangement totalling approximately $370 million (NZD equivalent). The facilities are split between NZD, USD and AUD tranches with a mix of four and five year tenors.
The lending facilities are on similar terms to RBD’s previous banking arrangements and will be used to repay existing facilities and for general corporate purposes.
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