Telecom New Zealand has secured a NZ$100m (US$82.2m) revolving facility to refinance existing debt.
The five-year agreement is financed by The Bank of Tokyo-Mitsubishi UFJ and will be used “to refinance debt and for general corporate purposes,”…
Telecom New Zealand has secured a NZ$100m (US$82.2m) revolving facility to refinance existing debt.
The five-year agreement is financed by The Bank of Tokyo-Mitsubishi UFJ and will be used “to refinance debt and for general corporate purposes,” according to an announcement made by the New Zealand telco today.
This is the third refinancing Telecom NZ has secured in the past year. As TelecomFinance reported back in October, the company issued NZ$200m (US$163.9m) seven year notes in order to refinance its debt.
In June 2012, the operator took out a two and three year NZ$400m (US$316.6m) revolving credit facility with Westpac New Zealand for the same purposes.
