Spark Finance extends standby facility

GENERAL
Wed, Apr 20 2022 03:49 pm

MARKET RELEASE
20 April 2022

Spark Finance extends standby facility

Spark Finance Limited, the wholly owned subsidiary of Spark New Zealand Limited (“Spark”) that carries out the borrowing activities for the Spark group, announced today that it has extended the term of its NZ$200 million committed standby revolving credit facility (“Standby”) by one year, to mature on 30 April 2025.

The Standby is provided through participation from Australasian and global banks.



Authorised by:
Alastair White
GM Capital Markets

- ENDS –
For media queries, please contact:
Ellie Cross
Corporate Relations Lead Partner
+64 (0) 22 630 0665

For investor relations queries, please contact:
Chante Mueller
Head of Investor Relations
+64 (0) 27 469 3062


Announcement PDF


Markets News

NZ sharemarket down 1.13% for the week
Markets Market close

NZ sharemarket down 1.13% for the week

The S&P/NZX 50 Index closed at 11,796.21, down 39.83 points or 0.34%.

Graham Skellern 19 Apr 2024
Primary Sector

Bell Potter boosts Santana target price 53.5%

Aussie brokers increasingly like the look of a low-cost, high yield Otago gold play.

Pattrick Smellie 19 Apr 2024
Bell Potter boosts Santana target price 53.5%
Markets

Analysts upbeat about Tower's latest guidance

The insurer's shares have gained 36% so far this year. 

Rebecca Howard 19 Apr 2024
Analysts upbeat about Tower's latest guidance