April 20 (Reuters) - Sydney Airport Holdings Pty Ltd SYD.AX :
* SYDNEY AIRPORT SECURES $850M OF ADDITIONAL BANK DEBT FACILITIES
* ADVISES NO HALF YEAR DISTRIBUTION WILL BE PAID
* OPERATING EXPENDITURE REDUCTION MEASURES IMPLEMENTED INCLUDING REDUCING DIRECTORS' FEES AND CEO FIXED REMUNERATION BY 20%
* TARGETING AT LEAST A 35% REDUCTION IN OPERATING COSTS FOR THE NEXT 12 MONTHS FROM 1 APRIL 2020
* TARGETING A CAPITAL INVESTMENT RANGE OF $150-$200M FOR NEXT 12 MONTHS FROM 1 APRIL 2020
* DIRECTORS OF SYDNEY AIRPORT & TRUST CO (SYDNEY AIRPORT) DECIDED TO REDUCE THEIR FEES BY 20% FOR 3 MONTHS STARTING 1 APRIL
* TOTAL TRAFFIC FOR MARCH WAS 2.0 MILLION PASSENGERS, DOWN 45.1%
* EXPECT TO SEE SIMILAR REDUCTIONS IN TRAFFIC FOR SO LONG AS CURRENT RESTRICTIONS ON TRAVEL REMAIN IN PLACE
* FOR FIRST 16 DAYS OF APRIL PROVISIONAL DATA INDICATES A 96.1% DECREASE IN INTERNATIONAL PASSENGER TRAFFIC
* FOR FIRST 16 DAYS OF APRIL PROVISIONAL DATA INDICATES 97.4% DECREASE IN DOMESTIC PASSENGER TRAFFIC
* IN MARCH, INTERNATIONAL TRAFFIC WAS 0.7 MILLION, DOWN 47.9% AND DOMESTIC TRAFFIC WAS 1.3 MILLION, DOWN 43.4% ON PCP