Sharechat Logo

Chorus amends syndicated bank facility

Tuesday 3rd May 2022

Text too small?

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



  General Finance Advertising    

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.

Related News:

May 29th Morning Report
RAK - Rakon FY2025 Financial Results
WHS - The Warehouse Group appoints Group Chief Executive Officer
General Capital Dividend Reinvestment Plan
FPH - Record full-year revenue result for FPH
Infratil Full Year Results for the year ended 31 March 2025
APL - Annual financial results
ALF - Strong Agri Sector Drives Earnings Growth
Metroglass provides FY25 results (audited)
May 27th Morning Report