Chorus gets new $250 mln bank facility to push out debt maturity

Fri, 02 Aug 2013

By Paul McBeth Aug 2 (BusinessDesk) - Chorus, the telecommunications network operator, has signed up to a new $250 million banking facility that will use to push out its debt maturity. The new facility with its existing lending syndicate Bank of Tokyo Mitsubishi, Commonwealth Bank of Australia, HSBC, and Westpac Banking Group will mature in 2019, and “will be used to pay down drawings under its existing bank facility,” the Wellington-based company said in a statement. Its existing syndicated banking facility is made up of two $675 million tr...

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