NZME secures high-priced bank facilities to tide it over until 2023
Company won't be able to pay dividends until 2021 under facility’s conditions.
Publisher of the NZ Herald, NZME, has struck a deal to extended its funding for three years to the middle of 2023 – but at a higher interest rate, despite the broader low interest rate environment.
The funding is also contingent on NZME not posting dividends until July 2021, and “thereafter
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