NZAI trade finance facilities extended
New Zealand Automotive
Investments Limited
102 Mays Road,
Onehunga,
Auckland, 1061
info@nzautomotiveinvestments.co.nz
nzautomotiveinvestments.co.nz
23 December 2022
Market Announcement
NZX:NZA
NZAI trade finance facilities extended
New Zealand Automotive Investments Limited (NZA or the Company) today advised that the commercial
bank that provides its finance facilities has extended its Retail Trade finance facility from 31 December
2022 to 30 April 2023 at a level of $6.0 million.
The Company’s Motor Finance loan facility will now expire on 1 October 2023, with a lending limit of $1.8
million.
The Company is in discussions with alternate lenders regarding replacement of finance facilities beyond
that date.
The Company remains in compliance with all banking covenants as at 22 December 2022.
[ends]
This announcement has been authorised by the NZAI Board Chair, Michael Stiassny.
For further information please contact:
Gordon Shaw
Interim CEO
NZ Automotive Investments Limited
Email Gordon.s@nzautomotiveinvestments.co.nz
Mobile 021 199 0331
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- APL — Asset Plus: Loan refinance2022-11-27
“NZX release Loan refinance 28 November 2022 Asset Plus Limited (APL) is pleased to announce that it has secured a loan extension with BNZ to 31 March 2025, which is an extension from the current expiry of 30 September 2023. The key changes to the terms of the loan facil…”
- AIA — Auckland International Airport Limited: AIA – Capital Change Notice2022-11-09
“Capital Change Notice Section 1: Issuer information Name of issuer Auckland International Airport Limited NZX ticker code AIA250 Class of financial product Fixed Rate Bonds ISIN (If unknown, check on NZX website) NZAIAD0250L8 Currency NZ$ Section 2: Capital change…”
- AIA — Auckland International Airport Limited: Auckland International Airport Ltd (“AIA”) – Trading Halt2022-12-14
“NZX Limited Level 1, NZX Centre 11 Cable Street PO Box 2959 Wellington 6140 New Zealand Tel +64 4 472 7599 www.nzx.com Memorandum To: Market Participants From: NZX Product Operations Date: Thursday, 15 December 2022 Subject : Auckland International Airp…”