NZME extends term of bank facilities

AUCKLAND, 12 December 2022: NZME Limited (NZX: NZM , ASX: NZM) (“NZME”) is pleased to announce that it has agreed terms to extend its existing debt facilities to 31 January 2026. The current terms of the facilities with Westpac New Zealand Limited and Commonwealth Bank of Australia were due to expire on 1 July 2023.

The new facilities limit of $50m is the same as the previous facilities and provides the Company committed access to funding for the next three years. This provides significant headroom over the current net debt position.

ENDS

•  NZME extends term of bank facilities

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

RUA - Successful rights offer is oversubscribed
Steel & Tube - Shareholder Newsletter - December 2025
SKC - Resignation of Chief Risk Officer
December 16th Morning Report
Comvita reaches agreement with lending partners
December 11th Morning Report
December 10th Morning Report
CDI APPOINTS JULIAN SMITH AS INDEPENDENT DIRECTOR
EROAD director Cameron Kinloch to step down in March 2026
RUA - Pro Rata Rights Offer