Incumbent Telecom New Zealand has taken out a two and three year NZ$400m (US$316.6m) revolving credit facility with Westpac New Zealand.
The telco is using the proceeds of the facility to refinance short term debt and for general corporate…
Incumbent Telecom New Zealand has taken out a two and three year NZ$400m (US$316.6m) revolving credit facility with Westpac New Zealand.
The telco is using the proceeds of the facility to refinance short term debt and for general corporate purposes.
This takes Telecom NZ’s credit facilities to NZ$1bn (US$790m) as it also has a NZ$600m (US$474.9m) syndicated standby revolving credit facility opened in April that it is yet to draw from.
At the time CFO Nick Olson said the financing will help ensure the company has sufficient liquidity over the next three years
