PGG Wrightson Finance has secured commitment from its banking syndicate to extend facilities for three years, past the expiry of the government guarantee scheme.Chief executive Mark Darrow said the extension was in the form of a $100 million three-year re
PGG Wrightson Finance has secured commitment from its banking syndicate to extend facilities for three years, past the expiry of the government guarantee scheme.
Chief executive Mark Darrow said the extension was in the form of a $100 million three-year revolving credit facility and was a major step toward extending the duration of the company’s funding.
“It is important that we lengthen our maturity profile out past the end of the end of the guarantee scheme in December 2011.”
PGG Wrightson Finance was included in the extended Crown retail guarantee deposit scheme earlier this year.
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