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:

MWE - Suspension of Trading and Delisting
EBOS welcomes finalisation of First PWA
CVT - AMENDED: Bank covenant waiver and trading update
Gentrack Annual Report 2024
December 20th Morning Report
Rua Bioscience announces launch of new products in the UK
TEM - Appointment to the Board of Directors
December 19th Morning Report
RAD - Radius Care Announces On-market Share Buyback Programme
MCY - New wind farm propels MCY renewables commitment to $1b