Southern Cross Media Group (ASX:SXL) refinanced its committed syndicated debt facility by securing a new three-year revolving AU$160 million facility, according to a Friday filing with the Australian bourse.
The refinancing extends the maturity of its debt to January 2028 and will repay AU$118 million of drawn debt as of June 30, the filing said.
Key financial covenants, including a maximum leverage ratio of 3.5 times and minimum interest cover of 3 times EBITDA, remain unchanged. The refinancing is set to be completed by Jan. 13, 2025, the filing added.
The facility will be provided by ANZ Group (ASX:ANZ, NZE:ANZ), Commonwealth Bank of Australia (ASX:CBA), and National Australia Bank (ASX:NAB).
National Australia Bank's shares were up almost 1% in recent Monday trade.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。