April 14 (Reuters) - Boral Ltd BLD.AX :
* DEMAND IS SUBSTANTIALLY DECLINING DUE TO IMPACTS OF COVID-19
* BORAL NOW EXPECTS $330M OF CAPITAL EXPENDITURE IN FY2020
* IN NORTH AMERICA AND ASIA, STRINGENT MANDATES AND RESTRICTIONS HAVE RESULTED IN TEMPORARY CLOSURES OF SEVERAL OPERATIONS
* CO, KNAUF BELIEVE GETTING REGULATORY APPROVALS TO ALLOW DEAL TO BE IMPLEMENTED AS SIGNED IN AUGUST 2019 NOT ACHIEVABLE BY 30 JUNE
* IN MOST JURISDICTIONS, CO'S OPERATIONS CONSIDERED TO BE WITHIN CRITICAL INFRASTRUCTURE AND CONSTRUCTION SECTORS
* BORAL AND KNAUF TO CONSIDER RANGE OF POTENTIAL OPTIONS, WITH BORAL'S OBJECTIVE BEING TO TARGET A CASH NEUTRAL TRANSACTION
* PRE-EXISTING US$400M ACQUISITION BRIDGE FACILITY, FOR PURPOSE OF COMPLETING DEALWITH KNAUF, ALLOWED TO LAPSE
* DEMAND IS DECLINING IN MOST MARKETS AND IS EXPECTED TO CONTINUE TO DECLINE, PARTICULARLY IN RESIDENTIAL CONSTRUCTION MARKETS
* AS AT END OF MARCH 2020, CO HAS ABOUT A$890MLN OF AVAILABLE CASH AND UNDRAWN COMMITTED FUNDS