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NZME secures high-priced bank facilities to tide it over until 2023

Company won't be able to pay dividends until 2021 under facility’s conditions.

Dita De Boni Wed, 03 Jun 2020

Publisher of the NZ Herald, NZME, has struck a deal to extended its funding for three years to the middle of 2023 – but at a higher interest rate, despite the broader low interest rate environment. 

The funding is also contingent on NZME not posting dividends until July 2021, and “thereafter

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Dita De Boni Wed, 03 Jun 2020
Contact the Writer: dita@nbr.co.nz
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