Buddle Findlay are pleased to have acted for ANZ Bank New Zealand in relation to the facility provided to one of New Zealand's largest freight and logistics providers, MOVe Logistics Group (MOVe) (previously TIL Logistics Group). The facility will be used to refinance the group's existing bank debt and for general corporate, vehicle finance and working capital requirements.
MOVe's Chairman Trevor Janes commented: “ANZ was [MOVe]’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.”
Brent Evans / Morgan Wigg of ANZ: "We are delighted to re-establish our relationship with MOVe as its financing partner going forward. We look forward to continuing to support the growth of the company."
The Buddle Findlay team was led by partner Daniel Collins and senior associate Paul Appleyard. Harmos Horton Lusk, led by Paul Oldfield, acted for the borrowers.
