Brief: TIL Logistics Announces Placement Of NZ$8.2 Mln Convertible Notes

Move Logistics

02/05/2021 22:11

May 3 (Reuters) - TIL Logistics Group Ltd  TLL.NZ :
    * PLACEMENT OF NZ$8.2 MILLION OF MANDATORY CONVERTIBLE NOTES
    * NET PROCEEDS FROM NOTES WILL BE USED TO REPAY BANK DEBT
    * WILL REPAY NZ$10 MILLION OF SENIOR SECURED DEBT UNDER
EXISTING
FACILITIES

Source text for Eikon:  ID:nNZW8CcGwy 
Further company coverage:  TLL.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))