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- Release Date: 15/04/14 14:40
- Summary: GENERAL: TEL: Telecom extends and reduces standby facility
- Price Sensitive: No
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TEL
15/04/2014 12:40
GENERAL
REL: 1240 HRS Telecom Corporation of New Zealand Limited
GENERAL: TEL: Telecom extends and reduces standby facility
Market Release
15 April 2014
Telecom extends and reduces standby facility
Telecom has today announced that it has reduced its NZ$400 million committed
standby revolving credit facility ("Standby") to NZ$300 million. Also, the
Standby has been extended a further year, to mature on 14 April 2017.
The facility is provided through participation from Australasian and global
banks.
"The agreement of this facility helps to ensure Telecom has sufficient
liquidity to meet its business needs over the next three years," said Jolie
Hodson, Telecom CFO.
"Telecom remains committed to an A band credit rating."
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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:00249505 For:TEL Type:GENERAL Time:2014-04-15 12:40:22
