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SkyCity Entertainment Group Announces Early Repayment of Series 2015 Bonds

17 Jun 2020  |  08:14:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: EARLY REPAYMENT OF SKYCITY SERIES 2015 BONDS - SKC040

SkyCity Entertainment Group announced a comprehensive funding plan to strengthen its balance sheet and secure additional liquidity in response to uncertainty around the impacts of COVID-19. The funding plan incorporates a $230m equity raising, extensions to upcoming bank maturities and additional bank facilities. The Company gives notice of its intention to redeem the Bonds before the 28 September 2020 maturity date.

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