Comvita agrees to debt covenant tweaks

Acting chief executive Brett Hewlett. (Image: NZME)

Tue, 01 Jul 2025

Comvita has agreed to revised covenants with its banking syndicate for the remainder of the calendar year.It includes the waiver of two covenants that the honey producer did not think would be met and introduces an earnings before interest and tax covenant for the end of the June year as well as the first two quarters of its next financial year.The NZX-listed business has also agreed with its syndicate to an extension of its working capital facility to the end of January next year, with a reduction from $44m to $24m.That will reduce its total f...

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