NZX Market Release
30 December 2021
Lender Waiver of Interest
GSH advises that it has agreed a waiver with its lender Pacific Dawn Limited in respect of the interest due and payable for the quarter ended 31 December 2021. The unpaid interest will be capitalised to the outstanding loan and bear interest.
The waiver has been provided as a result of the impact of COVID related restrictions on the reopening of GSH’s venues and the need to build up working capital after a period of prolonged closure, and for which, in addition, Pacific Dawn has agreed to make available a further $500k in funding from previously approved facilities for this purpose.
ENDS
For further information, contact:
Company Secretary
Good Spirits Hospitality Limited
[email protected]
About Good Spirits Hospitality Limited: Good Spirits Hospitality is a NZX Main Board-listed investment company focusing in the Hospitality sector (NZX: GSH). Good Spirits Hospitality Limited owns and operates hospitality venues in New Zealand’s North Island, providing places to connect with others and world class standards to provide lasting and memorable experiences to our guests and customers.
Good People * Good Times * Good Spirits
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