Specialist radio and fibre network services provider, Vital, has announced the extension of its corporate debt facility with Bank of New Zealand (BNZ) until January 2026.
The facility limit under the renewal is $15.6 million, with no changes to the pricing.
Vital's chief executive, Jason Bull, highlighted that the company has achieved a 6.2% reduction in net debt over the past two years.
This debt facility renewal is seen as crucial to Vital's ongoing operational and financial reset, which resulted in a return to profitability in the first half of the 2024 financial year.
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