Fletcher Building extends bank covenant deal, dividend still on hold

FBU considers it prudent to extend the amended covenant for a further 12 months. (Image: Getty)

Fri, 05 Dec 2025

Fletcher Building is unlikely to pay a dividend for at least another 12 months after it extended a bank covenant amendment for its Senior Interest Cover until Dec 31, 2026.“While current internal forecasts indicate no concerns regarding compliance with the standard covenant level, the company considers it prudent to extend the amended covenant for a further 12 months while debt remains above the guidance range, providing additional resilience for the balance sheet,” the company said.As with the original amendment, the company remain...

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