SkyCity Entertainment Group has extended and consolidated two existing bank facilities into a single NZ$140 million ($80.9 million) revolving credit facility maturing on September 15th, 2029.
The two facilities, worth NZ$57.5 million ($33.2 million) and NZ$80 million ($46.2 million), had been scheduled to mature in July and September 2027, respectively.
Their consolidation increases the combined facility size by NZ$2.5 million ($1.4 million). SkyCity said the other key terms, including pricing, remain unchanged.
Following the transaction, the New Zealand-based casino operator has access to NZ$277.5 million ($160.5 million) in revolving credit facilities. This includes a NZ$137.5 million facility maturing in September 2028 and the newly consolidated facility due one year later.
Both facilities are currently undrawn, meaning SkyCity has not yet borrowed the available funds.
The company said the facilities provide flexibility as it considers future options for its debt structure. The extension also pushes the maturities beyond 2027, reducing the need to refinance the facilities over the near term.
