May 22 (Reuters) - GTN Ltd (GTN) :
- IT HAS REFINANCED ITS EXISTING BANK FACILITY THAT WAS SET TO EXPIRE 21 FEB 2021
- TOTAL COMMITMENT HAS BEEN REDUCED FROM $75 MILLION TO $60 MILLION
- NOT IN POSITION TO FORECAST FY20 RESULTS
- DOES NOT EXPECT TO UNDERTAKE ANY OTHER CAPITAL RAISING IN FORESEEABLE FUTURE
- IMPACT ON CO'S REVENUE FROM COVID-19 PANDEMIC IN Q4 FY20 HAS BEEN SUBSTANTIAL
- NEW FACILITY ALLOWS VIBURNUM OR ITS AFFILIATES TO ACQUIRE UP TO 30% STAKE IN CO
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