Brief: Til Logistics Group Re-Establishes Relationships With ANZ Bank New Zealand And UDC Finance Ltd

Move Logistics

19/07/2021 02:17

July 19 (Reuters) - TIL Logistics Group Ltd  TLL.NZ :
    * RE-ESTABLISHES RELATIONSHIPS WITH ANZ BANK NEW ZEALAND AND
UDC
FINANCE LTD AS FINANCING PARTNERS GOING FORWARD.
    * NEW FACILITIES TO REPLACE EXISTING BANK DEBT TO ASB BANK,
USE
FOR GENERAL CORPORATE, VEHICLE FINANCE, WORKING CAPITAL
REQUIREMENTS
    * NEW FUNDING ARRANGEMENTS OFFER "IMPROVED TERMS" AND LONGER
TENURE
    * NEW FACILITIES INCLUDE TERM DEBT FACILITY WITH ANZ OF
NZ$27.5
MILLION FOR 3-YEAR TERM
    * NEW FACILITIES INCLUDE ASSET FINANCE FACILITY WITH UDC OF
NZ$37.5 MILLION FOR 5-YEAR TERM

Further company coverage:  TLL.NZ 

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