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BRIEF-Ardent Leisure clarifies to contents of article group has no plans to raise additional equity

Published 29/01/2016, 11:24 am
© Reuters.  BRIEF-Ardent Leisure clarifies to contents of article group has no plans to raise additional equity
CEH
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Jan 28 (Reuters) - Ardent Leisure Group AAD.AX :

* Clarify that contrary to the contents of the article the group has no plans

to raise additional equity.

* Group has executed a number of funding initiatives to maximise growth

opportunities

* Group is well within its banking covenants and will continue to focus its

capital management

* Initiatives include securing development funding of up to US$100 million

* Initiatives include, increasing the group's US debt facility by US$120

million to US$280 million

* Initiatives will be combined with the prudent use of both the distribution

reinvestment plan and retained earnings

* Notes the article published in the Australian newspaper and dated 28th

January 2016.

* Source text for Eikon ID:nASX58kwhG

*

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