NZSE:FBUBuilding
How Fletcher Building’s Debt Reset And Dividend Limits At Fletcher Building (NZSE:FBU) Has Changed Its Investment Story
Fletcher Building recently reshaped its funding structure by prepaying all outstanding US private placement notes, terminating associated swaps, and incurring cash costs of US$6.7 million and US$0.5 million, while adding new bank facilities and pushing its next major debt maturity to FY28.
By extending a key interest cover covenant and restricting dividends until standard levels are restored, the company is prioritising balance-sheet resilience and funding flexibility during its ongoing...