VTL confirms extension of existing corporate debt facility

Monday 19th June 2023

Vital confirms extension of existing corporate debt facility

Vital Limited (VTL), a specialist radio and fibre network services provider advises that its banking facility with Bank of New Zealand (BNZ) has been renewed for a further one year term, to January 2025.

The renewal follows an 8% or $1.1m net debt reduction during FY22 and reflects part of Vital’s ongoing performance reset to deliver a stronger and more sustainable financial foundation for shareholders.

Under the renewal the facility limits remain unchanged, with only minor amendments to terms and covenants.

The pricing (i.e. the margin over base rate) is also unchanged.

For further information please contact:

Jason Bull

CEO

027 497 4548

ENDS

VTL confirms extension of existing corporate debt facility

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.

Related News:

Second St John withdrawal of labour takes effect tomorrow with further strikes likely
Sanford Appoints Independent Director
CRP ADVISES CLOSURE OF SHARE OFFER TO EXISTING INVESTOR
Devon Funds Morning Note - 14 August 2024
OCR 5.25% - Monetary restraint tempered as inflation converges on target
Consumers still need due diligence as new deposit takers emerge.
Woolworths strike: staff asked to dress up in Disney costumes for a week on their own dollar
Turners Invests in Quashed Online Insurance Platform
PGW Reports on Challenging Year
Arvida Announces Executive Team Changes