Electricity and gas distributor Powerco says it has established a new $100 million revolving cash advances facility from its banking syndicate, comprised of Westpac and ANZ.Powerco chief financial officer Dennis Martin today said the company would use the
Electricity and gas distributor Powerco says it has established a new $100 million revolving cash advances facility from its banking syndicate, comprised of Westpac and ANZ.
Powerco chief financial officer Dennis Martin today said the company would use the five-year revolving cash advances facility to repay $100m in credit wrapped bonds when they matured next March.
About 420,000 customers are connected to Powerco's networks.
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