Kiwibank joins EROAD’s syndicated debt facility

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Kiwibank joins syndicated debt facility and increase in facility
commitments
9 September 2020
Transport technology services company EROAD has introduced Kiwibank as an additional syndication
partner to its syndicated debt facility, joining its existing partners Bank of New Zealand and China
Construction Bank.
As previously announced on 1 April 2020, the facility agreement included the ability for additional
syndication partners to be added during the term of the agreement, with potential to increase total
facility commitments. The addition of Kiwibank to the syndicate has increased the total committed
facilities from $60.0 million to $66.1 million, with the capital expenditure facility commitments increasing
by $5.0 million to $25.0 million and the overdraft facility commitments increasing by $1.1 million to $5.0
million.

Ends


For enquiries please contact:
Alex Ball
Chief Financial Officer
alex.ball@eroad.com