Chorus amends syndicated bank facility

Chorus has finalised amendments to its $350m committed bank facility, providing additional financial flexibility and funding certainty.

The facility covenants have been revised from 4.75 to 5.50 times debt to EBITDA and 2.75 to 2.50 times interest coverage, to better align with the recent changes to Chorus’ credit rating thresholds.

Chorus has extended the maturity date of the $350 million facility from April 2024 to April 2025.

Authorised by:

Andrew Carroll

GM, Customer and Network Operations

ENDS

•  Chorus extends syndicated bank facility

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

CMO - 2026 Annual Report and Notice of Meeting
TEM - Transaction in Own Shares
TWR - Tower completes renewal of FY27 reinsurance programme
FSF - Fonterra revises forecast 2026/27 Farmgate Milk Price
September 21st Morning Report
MCY - Mercury 2026 Annual Shareholders' Meeting
PFI - Notice of Annual Meeting
SUM - DRP Strike Price and AUD FX Rate for 2026 Interim Dividend
FBU - Notice of 2026 Annual Shareholders' Meeting
BIT - Transaction in Own Shares