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:

SPG - Change to Executive Team
BGI - Forgiveness of $200,000 of secured indebtedness
General Capital Subsidiary General Finance Market Update
AFT,Massey Ventures,Gilles McIndoe to develop scar treatmen
April 24th Morning Report
Cheers to many fewer grape harvest spills
GTK - Half-Year Results Announcement Date
Government ends war on farming
Sky and BBC Studios renew expanded, multi-year agreement
AOF - Q1 Improved Trading Performance & FY24 Guidance Maintained