May 22, 2020 / 10:49 AM / 6 days ago

BRIEF-GTN Refinanced Existing Bank Facility With CBA

May 22 (Reuters) - GTN Ltd:

* IT HAS REFINANCED ITS EXISTING BANK FACILITY THAT WAS SET TO EXPIRE 21 FEB 2021

* TOTAL COMMITMENT HAS BEEN REDUCED FROM $75 MILLION TO $60 MILLION

* NOT IN POSITION TO FORECAST FY20 RESULTS

* DOES NOT EXPECT TO UNDERTAKE ANY OTHER CAPITAL RAISING IN FORESEEABLE FUTURE

* IMPACT ON CO’S REVENUE FROM COVID-19 PANDEMIC IN Q4 FY20 HAS BEEN SUBSTANTIAL

* NEW FACILITY ALLOWS VIBURNUM OR ITS AFFILIATES TO ACQUIRE UP TO 30% STAKE IN CO Source text for Eikon: Further company coverage:

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