TEL
13/04/2012 11:52
GENERAL
REL: 1152 HRS Telecom Corporation of New Zealand Limited
GENERAL: TEL: Telecom secures standby facility
STOCK EXCHANGE ANNOUNCEMENT
13 April, 2012
Telecom secures standby facility
Telecom has today announced that it has secured a three year, NZ$600m,
committed standby revolving credit facility.
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 Nick
Olson, Telecom CFO.
"Telecom remains committed to A-band credit ratings with Moody's and Standard
& Poor's."
- ends -
Contact:
For more information, please contact:
Ian Bonnar
Head of Group Communications
+64 (0)27 215 7564
Stefan Knight
Head of Investor Relations
Telecom New Zealand
+64 9 355 5275
End CA:00221812 For:TEL Type:GENERAL Time:2012-04-13 11:52:59
Price at posting:
$2.47 Sentiment: None Disclosure: Held
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