MOVE completes new funding arrangements

Company Announcement
25 September 2024

MOVE COMPLETES NEW FUNDING ARRANGMENTS
Transport and logistics group, MOVE Logistics Group Limited (NZX/ASX: MOV), confirms it has
finalised funding arrangements with ANZ Bank New Zealand Limited and Pacific Invoice Finance.
As previously advised on 28 August 2024, the company has extended the tenure of its funding facility
with ANZ Bank to 31 August 2025, alongside relevant covenants which are aligned to expected
performance. MOVE’s bank debt was $27m as at 31 August 2024 with an additional $9m in bank
guarantees.
MOVE has also entered into a new funding arrangement with Pacific Invoice Finance of up to $21m
for a minimum 18-month term and, with shareholder approval, has the option to extend this up to
$25m. This will be used to pay down the ANZ facility to ~$20m (inclusive of bank guarantees) by 31
October 2024, and for corporate and working capital requirements.
ENDS
For investor/media assistance, please contact: Jackie Ellis t: + 64 27 246 2505 e:
jackie@ellisandco.co.nz

For further information, please contact:

Paul Millward
Interim CEO
Phone: +64 27 448 6458
Email: paul.millward@movelogistics.com
Lee Banks
Chief Financial Officer
Phone: +64 27 525 2876
Email: Lee.Banks@movelogistics.com


About MOVE Logistics Group Limited (MOV)
MOVE is one of the largest domestic freight and logistics businesses in New Zealand, with a
nationwide network of branches, depots and warehouses.