Brief: Warehouse Group Says Five Of Group's Brands Now Operational In Limited Capacity For Essential Items

Warehouse

08/04/2020 21:42

April 9 (Reuters) - Warehouse Group Ltd  WHS.NZ :
    * WAREHOUSE GROUP LTD - FIVE OF GROUP'S BRANDS ARE NOW
OPERATIONAL
IN A LIMITED CAPACITY FOR ESSENTIAL ITEMS ONLY
    * WAREHOUSE GROUP LTD - GROUP HAS RE-OPENED ITS DISTRIBUTION
CENTRES AND IS OPERATING MULTIPLE RETAIL STORES AS CLOSED
FULFILMENT CENTRES
    * WAREHOUSE GROUP LTD - APPLIED FOR GOVERNMENT'S WAGE
SUBSIDY
SCHEME AND HAS RECEIVED $67.7 MILLION IN TOTAL TO SUPPORT ITS
EMPLOYEES OVER A 12-WEEK PERIOD
    * WAREHOUSE GROUP LTD - SECURED $150 MILLION OF ADDITIONAL
BANKING
FACILITIES
    * WAREHOUSE GROUP LTD - DEFERRAL OF PLANNED DISCRETIONARY
CAPITAL
EXPENDITURE AND REDUCING OPERATING EXPENSES
    * WAREHOUSE GROUP-ADDITIONAL BANK FACILITIES ARE CURRENTLY
UNDRAWN
AND WOULD ALLOW FOR REFINANCING OF GROUP'S NZX LISTED BOND OF
$125 MILLION

Source text for Eikon:  ID:nNZW2k8qrL 
Further company coverage:  WHS.NZ 

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