SPK spark new zealand limited

Ann: GENERAL: SPK: Spark New Zealand extends and reduces standby...

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    • Release Date: 13/04/15 17:24
    • Summary: GENERAL: SPK: Spark New Zealand extends and reduces standby facility
    • Price Sensitive: No
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    					SPK
    13/04/2015 17:24
    GENERAL
    NOT PRICE SENSITIVE
    REL: 1724 HRS Spark New Zealand Limited
    
    GENERAL: SPK: Spark New Zealand extends and reduces standby facility
    
    Market Announcement
    13 April 2015
    
    Spark New Zealand extends and reduces standby facility
    
    Spark New Zealand has announced today that Spark Finance Limited has reduced
    its committed standby revolving credit facility ("Standby") from NZ$300
    million to NZ$200 million and extended the term by one year, to mature on 13
    April 2018.
    
    The Standby is provided through participation from Australasian and global
    banks.
    
    "The reduction in the Standby to $200 million reflects Spark New Zealand's
    reduced funding requirements", said Jolie Hodson, Spark New Zealand CFO.
    
     -ENDS-
    
    For media queries, please contact:
    Richard Llewellyn
    Head of Corporate Communications +64 (0) 27 523 2362
    
    For investor relations queries, please contact:
    Mark Laing
    General Manager Corporate Finance +64 (0) 27 227 5890
    End CA:00263037 For:SPK    Type:GENERAL    Time:2015-04-13 17:24:44
    				
 
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