Chorus increases bank facility, pushes out maturity date for increased flexibility, certainty

Thu, 25 May 2017

By Tina Morrison May 25 (BusinessDesk) - Chorus, the telecommunications network operator, has increased its bank facility and pushed out the maturity date, giving it additional financial flexibility and funding certainty. The Wellington-based company increased the amount of its existing syndicated facility with seven banks to $350 million from $250 million and extended the maturity date to May 2020 from May 2019, it said in a statement. The facility is currently undrawn. Chorus said the facility had also been repriced to reflect curren...

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