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Vector negotiates new funding facilities

Contributor:
Newswire
Newswire

Wellington, July 30 NZPA - Vector Ltd says it has established a new $50 million senior credit facility and new $125 million working capital facility.

The facilities expire in August 2013 and December 2013 respectively. They replace the existing $125 million senior credit facilities and $150 million working capital facility that were due to expire in August 2010 and December 2010 respectively. There is currently no cash drawn down from either of these facilities.

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