We use cookies on our website to ensure you get the best browsing experience. Learn more
Back to

Arvida Executes Debt Facility Refinance

Related documents

Arvida Executes Debt Facility Refinance

Arvida Group Limited (NZX:ARV) confirms that the legal documentation has been executed to effect the refinancing of its bank debt facility. The effective date of the refinance was 6 April 2020. The two main changes are that the tenure of Tranche A of the facility (which was due to expire in June 2021) was extended for a further five years and a new tranche with a limit of $100m was added to the facility, with a tenure of eighteen months. As a result, the facility limit has increased from $375m to $475m and the weighted average tenure has extended to 3.1 years. Arvida remains in a strong financial position with current drawn debt of $313m and $162m of undrawn credit.

Latest NZX releases

  • 03 Feb 2025

    Arvida Group Limited (Arvida) is pleased to announce the appointment of Norah Barlow as a director of the company effect...

  • 20 Nov 2024

    Arvida Group Limited (Arvida) advises that a new syndicated bank debt facility agreement has been implemented by Stonepe...

  • 20 Nov 2024

    Please see attached Ongoing Disclosure Notices. -Ends-

  • 20 Nov 2024

    Arvida Group Limited (Arvida) advises that the existing directors of Arvida have resigned effective today following the ...

Sign up for investor news