Postie Plus gains extension of banking facilities, avoids breach

Thu, 06 Dec 2012

Dec. 6 (BusinessDesk) - Postie Plus Group has again avoided a breach of its banking covenants and gained a 12-monthextension on its facilities. Bank of New Zealand completed its annual review of the banking facilities,” the Christchurch-based company said in a statement. Postie Plus yesterday flagged potential breaches of its banking covenants for the months of November 2012, January and April 2013. That came after the retailer was forced to renegotiate terms of its loans with BNZ in October. According to the company’s latest annual report,...

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