TIL Logistics refinances bank debt

19 July 2021
Company Announcement


TIL Logistics refinancing bank debt; entry into new facilities
TIL Logistics Group Limited (NZX: TLL) is pleased to confirm the re-establishment of its
relationships with ANZ Bank New Zealand Limited and UDC Finance Limited as its financing
partners going forward.
New facilities with ANZ and UDC Finance Limited will be used to replace TLL’s existing bank debt
to ASB Bank Limited, and for general corporate, vehicle finance and working capital
requirements.
The new funding arrangements offer improved terms and a longer tenure.
Chairman Trevor Janes commented: “ANZ was TIL’s banking relationship historically before the
public listing in 2017 and has a deep understanding of the industry and the company. We are
pleased to be partnering with them as we work towards achieving our goal of being one of the
leading transport and logistics providers in New Zealand and beyond.”
The new facilities include:
• A term debt facility with ANZ of $27.5 million for a three year term, which amortises at
the rate of $3.75 million per annum (unless agreed otherwise) as well as other ancillary
banking facilities; and
• An asset finance facility with UDC of $37.5 million for a five year term.

ENDS
For further information, please contact:
Trevor Janes, Chairman, Phone: +64 6 7559457 Email: tdjanes@janes.co.nz
For media and investor enquiries, please contact: Jackie Ellis, Phone: + 64 27 246 2505
Email: jackie@ellisandco.co.nz
About TIL Logistics Group Limited (TLL)
TLL is one of the largest domestic freight and logistics businesses in New Zealand, with a
nationwide network of branches, depots and warehouses. TLL’s activities include transporting
and warehousing freight throughout New Zealand and co-ordinating freight movements
offshore with the assistance of international alliances.