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- Release Date: 09/05/13 10:47
- Summary: GENERAL: CNU: Chorus extends syndicated bank facility by 12 months
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CNU
09/05/2013 08:47
GENERAL
REL: 0847 HRS Chorus Limited (NS)
GENERAL: CNU: Chorus extends syndicated bank facility by 12 months
STOCK EXCHANGE ANNOUNCEMENT
9 May 2013
Chorus extends syndicated bank facility by 12 months
Chorus has today entered into an agreement which, subject to standard
conditions, extends the maturity dates for its existing NZ$1.35 billion
syndicated bank facility by 12 months.
The syndicated bank facility comprises two equal tranches of $675 million,
previously for three and five year periods. These are now due to mature in
November 2015 and November 2017 respectively.
Chorus CFO Andrew Carroll said Chorus was pleased to have secured the
extension of funding on the same financial terms.
"Our banking syndicate was supportive of the extension and we saw it as a
prudent step to provide longer dated funding to support our building of the
new fibre network," he said.
ENDS
For further information:
Ian Bonnar
Corporate Affairs Manager
Phone: +64 9 358 6061
Mobile: +64 (27) 215 7564
Email: [email protected]
Brett Jackson
Investor Relations Manager
Phone: +64 4 498 9271
Mobile: +64 (27) 488 7808
Email: [email protected]
End CA:00236013 For:CNU Type:GENERAL Time:2013-05-09 08:47:18
