MOVE Logistics Finalizes Funding with ANZ New Zealand, Pacific Invoice Finance

MT Newswires Live

2024/09/25

MOVE Logistics Group (ASX:MOV, NZE:MOV) finalized funding with ANZ's (ASX:ANZ, NZE:ANZ) New Zealand arm and Pacific Invoice Finance, according to a Wednesday filing with the Australian and New Zealand bourses.

The freight and logistics company will receive up to NZ$21 million from Pacific Invoice for a minimum of 18 months, the filing stated. With shareholder approval, the amount can increase to NZ$25 million.

Funding will pay down a debt facility of NZ$20 million with ANZ by Oct. 31 and will be used for corporate and working capital, according to the filing.

ANZ's shares slipped almost 1% in recent Wednesday trade in New Zealand.

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With shareholder approval, the amount can increase to NZ$25 million.</p><p>Funding will pay down a debt facility of NZ$20 million with ANZ by Oct. 31 and will be used for corporate and working capital, according to the filing.</p><p>ANZ's shares slipped almost 1% in recent Wednesday trade in New Zealand.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7511","symbol_name":"ESG概念","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2470942126","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2470942126","pubTimestamp":1727221162,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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