Announcement
MKTUPDTE: GSH: Lender Support through COVID-19
04:36pm
GSH
31/03/2020 16:36
MKTUPDTE
NOT PRICE SENSITIVE
REL: 1636 HRS Good Spirits Hospitality Limited
MKTUPDTE: GSH: Lender Support through COVID-19
Further to the announcement made on 24 March 2020 GSH advises that it has an
agreement with its lender, Pacific Dawn Limited to waive the payment of
interest and principal for the quarter ended 31 March 2020. This waiver is
conditional on the interest component be capitalised. In addition, the
testing of certain covenants as at 31 March 2020 under its facility agreement
have also been waived. This agreement is necessary due to the unprecedented
shutdown of GSH's venues due to the COVID-19 outbreak and associated
government mandated actions.
The board and management of GSH appreciates the ongoing support of Pacific
Dawn Limited.
For further information, contact:
Anthony Laus
Chief Financial Officer
Good Spirits Hospitality Limited
027 7777 107
anthony@gsh.co.nz
About Good Spirits Hospitality Limited
Good Spirits Hospitality is an NZX Main Board-listed investment company
focusing in the Hospitality sector. The shell company was formed in December
2011 and acquired The Better Bar Company group business in November 2014.
End CA:00351005 For:GSH Type:MKTUPDTE Time:2020-03-31 16:36:40
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