Chorus extends and increases syndicated bank facility

Chorus extends and increases syndicated bank facility Chorus has today announced it has entered into amendments to its committed bank facility, providing additional financial flexibility and funding certainty. Under the amendments Chorus has extended the existing $350m facility by one year to May 2022, and added an additional 5 year, $200m tranche expiring in May 2024. The facility is currently undrawn. The amended $550 million facility is again supported by seven banks, and Chorus CFO David Collins said, "Chorus appreciated the banks' ongoing support". ENDS Nathan Beaumont Stakeholder Communications Manager Phone: +64 4 896 4352 Mobile: +64 (21) 243 8412 Email: Nathan.Beaumont@chorus.co.nz Andrew Hopkinson Treasurer Phone: +64 4 896 4016 Mobile: +64 (27) 249 5678 Email: Andrew.Hopkinson@chorus.co.nz End CA:00332704 For:CNU Type:GENERAL Time:2019-03-29 13:11:06