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SkyCity to raise $230m equity to weather Covid disruption

Placement, share purchase plan will go alongside new debt facilities, suspension of dividends.

Andrew Bevin Wed, 17 Jun 2020

SkyCity went into a trading halt this morning as it announced a $230 million equity raise and an extensive funding plan to strengthen its balance sheet through Covid-19.

The casino operator is securing new debt facilities of $160m, extending $170m of existing debt facilities, the redemption of

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Andrew Bevin Wed, 17 Jun 2020
Contact the Writer: andrew@nbr.co.nz
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SkyCity to raise $230m equity to weather Covid disruption
General Business,
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