TEL
19/06/2012 12:42
GENERAL
REL: 1242 HRS Telecom Corporation of New Zealand Limited
GENERAL: TEL: Telecom establishes revolving credit facility
STOCK EXCHANGE ANNOUNCEMENT
19 June 2012
Telecom establishes revolving credit facility
Telecom has today announced the establishment of a two and three year, NZ$400
million, committed revolving credit facility with Westpac New Zealand
Limited.
The proceeds of the facility will be used to refinance short term debt and
for general corporate purposes.
This facility is in addition to the NZ$600 million syndicated committed
standby revolving credit facility established in April 2012, which remains
undrawn.
- ends -
For more information:
Stefan Knight
Head of Investor Relations
+64 (0)27 252 9438
End CA:00224034 For:TEL Type:GENERAL Time:2012-06-19 12:42:44
Price at posting:
$2.49 Sentiment: None Disclosure: Held
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