Refining NZ extends debt facility

The New Zealand Refining Company Limited ("Refining NZ") announces that it has entered into binding documentation to extend the term of $40 million of an existing facility maturing in March 2022, by a further two and a quarter years. The $40 million facility will mature on 30 June 2024. This follows Refining NZ's previous announcement on 25 March 2020 that it had extended 2021 maturities and added $50 million of additional capacity. The weighted average term of Refining NZ's senior debt facilities is 3.3 years. The Company has total available facilities of $400 million and its net debt position at 30 June 2020 was $250 million. An updated debt maturity profile is attached as an Appendix to this announcement. ENDS For information: Ellie Martel, Communications and Government Relations Manager M: 0204 174 7226; E: Ellie.Martel@refiningnz.com End CA:00356223 For:NZR Type:MKTUPDTE Time:2020-07-14 11:21:57