VOC 0.00% $5.49 vocus group limited

Ann: Vocus closes upsized bank facility to support growth, page-2

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  1. 6,633 Posts.
    lightbulb Created with Sketch. 615
    This is good news, doesnt mention interest rate though;

    Net Debt/LT EBITDA limit of 3.75, reducing to 3.0 at 2020.

    "the Syndicated Facility Agreement stipulates that dividends will not be paid until NLR is below 2.25x for two consecutive testing dates."
    This may concern some, but i think its prudent in any case;
    Last edited by bug1: 25/06/18
 
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