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Wireless

Vocus closes AUD 1.27 billion, NZD 150 million bank facility

Monday 25 June 2018 | 08:43 CET | News
Vocus has closed a new and increased syndicated debt facility of AUD 1.27 billion and NZD 150 million. According to Vocus Group CFO Mark Wratten, the new and upsized syndicated debt facility has been structured "to provide Vocus with the flexibility required to execute its strategic initiatives over the coming years". The new facility has a weighted average tenure of 3.4 years and the Syndicated Facility Agreement stipulates that dividends will not be paid until NLR is below 2.25x for two consecutive testing dates. The former debt facility, consisting of AUD 1.09 billion and NZD 160 million,

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Categories: Mobile & Wireless
Companies: Vocus
Countries: Australia
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