30 Nov 2011

$1.35 billion facility secured by Chorus

8:25 am on 30 November 2011

Chorus says it has secured a $1.35 billion syndicated bank facility as part of its demerger from Telecom.

Chief financial officer Andrew Carroll says Chorus initially sought $1 billion in bank financing and extended the bank facility to $1.35 billion after strong demand from domestic and foreign financial institutions.