VTL confirms extension of existing corporate debt facility

Vital confirms extension of existing corporate debt facility

Vital Limited (VTL), a specialist radio and fibre network services provider advises that its banking facility with Bank of New Zealand (BNZ) has been renewed for a further one year term, to January 2025.

The renewal follows an 8% or $1.1m net debt reduction during FY22 and reflects part of Vital’s ongoing performance reset to deliver a stronger and more sustainable financial foundation for shareholders.

Under the renewal the facility limits remain unchanged, with only minor amendments to terms and covenants.

The pricing (i.e. the margin over base rate) is also unchanged.

For further information please contact:

Jason Bull

CEO

027 497 4548

ENDS

•  VTL confirms extension of existing corporate debt 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:

PEB - First Triage Plus Tests Ordered from Townsville
March 5th Morning Report
Devon Funds Morning Note - 04 March 2026
Genesis Energy announces opening of Rights Offer
March 4th Morning Report
Comvita appoints Andrea Wilkins as Chief Marketing Officer
Synlait provides banking facilities update
CHI - Channel Infrastructure delivers solid FY25 financial result
February 27th Morning Report
TRU - Results Guidance FY2026