Aug 6 (Reuters) - Myer Holdings Ltd MYR.AX :
* EXISTING LENDERS EXTEND FINANCE FACILITIES TO 2022
* SIGNED BINDING TERM SHEET WITH EXISTING LENDERS TO AMEND AND EXTEND ITS BANK FACILITY UNTIL AUGUST 2022.
* TRADING DURING SECOND HALF OF FY20 WAS SEVERELY IMPACTED BY COVID-19
* EXPECTS TO REPORT A SMALL NET CASH POSITIVE POSITION AT END OF FY20
* AMENDED FACILITY OF $340M, COMPARES TO EXISTING FACILITY OF $360M
* LENDERS HAVE AGREED NO COVENANT TESTING WILL BE REQUIRED AT END OF FY20
* LENDERS AGREED THAT NO COVENANT TESTING WILL BE REQUIRED AT END OF FY20, GIVEN SIGNIFICANT IMPACT OF COVID-19 ON OPERATIONS IN 2H20
* TEMPORARILY CLOSED ALL METROPOLITAN MELBOURNE STORES FROM CLOSE OF BUSINESS ON 5 AUGUST 2020 FOR SIX WEEKS
* MYER'S REGIONAL STORES IN GEELONG, BALLARAT AND BENDIGO WILL CONTINUE TO OPERATE DURING THIS TIME
* A NUMBER OF MYER'S TEAM MEMBERS WILL NOT BE REQUIRED TO WORK FOR PERIOD OF MELBOURNE STORE CLOSURES