Reach close to new agreement with banks

As the market digests news of PCCW and Telstra''s write down of their holdings in Reach, bankers reveal they are close to agreeing new terms on its outstanding debt.

Nick Lord

February 22, 2003

Bankers close to the negotiations between the shareholders of Reach and its financing syndicate have revealed that new terms on the troubled company's debt could be agreed within days. "It is all ready for signatures and we could sign in a week or so," says one banker.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.