NZME extends term of bank facilities

NZME extends term of bank facilities

AUCKLAND, 12 December 2022: NZME Limited (NZX: NZM, ASX: NZM) (“NZME”) is pleased to announce that it has agreed terms to extend its existing debt facilities to 31 January 2026. The current terms of the facilities with Westpac New Zealand Limited and Commonwealth Bank of Australia were due to expire on 1 July 2023.

The new facilities limit of $50m is the same as the previous facilities and provides the Company committed access to funding for the next three years. This provides significant headroom over the current net debt position.

ENDS

Authorised by Michael Boggs, Chief Executive Officer.

For further information:

Investors
David Mackrell
Chief Financial Officer
+64 21 311 911
[email protected]
Media

Kelly Gunn
GM Communications
+64 27 213 5625
[email protected]

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Announcement PDF