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CGF Challenger News Story

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Brief: Spark New Zealand Announces Sale Of Spark's Existing IFP Receivables

Dec 22 (Reuters) - Spark New Zealand Ltd SPK.NZ:

SALE OF SPARK'S EXISTING IFP RECEIVABLES WILL BE USED TO REDUCE NET DEBT IN H1 26 BY NZ$240 MILLION

PARTNERED WITH CHALLENGER TO ESTABLISH NEW FINANCING STRUCTURE FOR INTEREST FREE PAYMENT PLANS

WILL ALSO SELL FUTURE IFP RECEIVABLES TO CHALLENGER ON REGULAR BASIS

Further company coverage: SPK.NZ

 ((Reuters.Briefs@thomsonreuters.com;))

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