Macquarie Telecom expands debt facility to $190 million
source link: https://www.itwire.com/telecoms-and-nbn/macquarie-telecom-expands-debt-facility-to-$190-million.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Tuesday, 22 December 2020 10:05
Macquarie Telecom expands debt facility to $190 million Featured
By Peter DinhamDavid Tudehope, Macquarie Telecom
Communications and data centre provider Macquarie Telecom has expended its debt facility to $190 million with Australia and New Zealand Banking Group and Royal Bank of Canada to provide an additional $50 million of debt capacity.
The ASX listed Macquarie Telecom Group Limited (ASX: MAQ) says the additional capacity will be used to fund the increased FY21 capex requirements announced on 11 November 2020.
The expansion takes the total debt capacity available under the Syndicated Facility Agreement to $190 million, repayable in December 2023.
Macquarie said on Tuesday that taking into account the additional debt capacity, the company has an undrawn balance of $96.5million.
“Building world class data centres requires ongoing investment, which we fund through a mix of debt and free cash generated from our trading businesses,” said Chief Executive David Tudehope.
“With interest rates at historic lows, we believe that our current mix provides exceptional value, and gives the company plenty of headroom to continue our investment strategy.”
Subscribe to ITWIRE UPDATE Newsletter here
GRAND OPENING OF THE ITWIRE SHOP
The much awaited iTWire Shop is now open to our readers.Visit the iTWire Shop, a leading destination for stylish accessories, gear & gadgets, lifestyle products and everyday portable office essentials, drones, zoom lenses for smartphones, software and online training.
PLUS Big Brands include: Apple, Lenovo, LG, Samsung, Sennheiser and many more.
Products available for any country.
We hope you enjoy and find value in the much anticipated iTWire Shop.
INTRODUCING ITWIRE TV
iTWire TV offers a unique value to the Tech Sector by providing a range of video interviews, news, views and reviews, and also provides the opportunity for vendors to promote your company and your marketing messages.We work with you to develop the message and conduct the interview or product review in a safe and collaborative way. Unlike other Tech YouTube channels, we create a story around your message and post that on the homepage of ITWire, linking to your message.
In addition, your interview post message can be displayed in up to 7 different post displays on our the iTWire.com site to drive traffic and readers to your video content and downloads. This can be a significant Lead Generation opportunity for your business.
We also provide 3 videos in one recording/sitting if you require so that you have a series of videos to promote to your customers. Your sales team can add your emails to sales collateral and to the footer of their sales and marketing emails.
See the latest in Tech News, Views, Interviews, Reviews, Product Promos and Events. Plus funny videos from our readers and customers.
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK