WASTECO ESTABLISHES NEW FUNDING FACILITY TO SUPPORT GROWTH

WASTECO ESTABLISHES NEW $10M FUNDING FACILITY TO SUPPORT GROWTH
WasteCo Group Limited (NZX: WCO) is pleased to announce that WasteCo group
has entered into a new $10m funding facility with PFNZ Limited (trading as Pacific
Invoice Finance).
The facility provides an additional source of working capital funding and forms part of
WasteCo's broader programme to strengthen the group’s balance sheet, improve
liquidity management and support future growth initiatives.
Chairman Roger Gower said:
"This facility represents another positive step in strengthening WasteCo’s financial
platform.
Importantly, it introduces an additional funding partner to the business and provides
a flexible source of working capital that can support growth while improving cashflow
management."
The facility complements WasteCo's existing banking arrangements and provides
additional flexibility as the Company continues to execute operational improvement
initiatives and pursue growth opportunities.
Gower said the facility demonstrated ongoing confidence in the business and
supported the Board's objective of building a stronger platform for future growth.
"The Board's focus remains on improving operational performance, strengthening
financial resilience and positioning WasteCo for long-term sustainable growth. This
facility is another practical step in that process."
Roger Gower
Chairman
WasteCo Group Limited