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Fletcher Building Limited ( (FRCEF) ) has issued an announcement.
Fletcher Building Limited has announced significant steps in restructuring its funding facilities to enhance financial efficiency and flexibility. The company has prepaid its US Private Placement notes, established a new $200 million club facility, and extended its syndicated facility agreement to strengthen liquidity and reduce funding costs. Additionally, it has extended a bank covenant amendment to maintain financial resilience, with a focus on reducing leverage and maintaining investment-grade credit metrics, supported by strong banking partnerships.
More about Fletcher Building Limited
Fletcher Building Limited is a New Zealand-based company operating in the construction and building materials industry. It focuses on providing a wide range of products and services, including infrastructure development, residential and commercial construction, and manufacturing of building materials.
For a thorough assessment of FRCEF stock, go to TipRanks’ Stock Analysis page.