debt
confidence high
sentiment neutral
materiality 0.50
Reading International amends NAB facility: maturity extended to June 2024, debt ratio cap 55%
READING INTERNATIONAL INC
- Amended $101M Corporate Markets Loan Facility and $5M Bank Guarantee Facility with National Australia Bank.
- Maturity date extended to June 30, 2024 for both facilities.
- Permitted Distribution definition revised; allows distributions of up to $15M of net sale proceeds under conditions.
- Debt to Debt plus Equity ratio cap set at ≤55%.
- Variation deed executed December 16, 2022; multiple Australian subsidiaries act as guarantors.