EROAD Completes Refinancing of Debt Facilities

Market Release
EROAD Completes Refinancing of Debt Facilities
28 March 2022
Transportation technology services company EROAD Limited (NZX/ASX: ERD) (EROAD), with
its purpose of safer and more sustainable roads, today announced it has refinanced and
increased its debt facilities.

EROAD has entered into a three-year debt facility with ANZ and Bank of New Zealand.
Total committed syndicated facilities amount has increased from $59.9
million to $90
million which includes $30 million of term debt, $55 million revolving credit facility and a $5
million working capital facility.

EROAD’s CEO Steven Newman commented that "EROAD is entering into a period
of significant
growth. This refinancing and the amortisation profile gives us extra flexibility to support
organic growth over the coming years”
The new facility is predominantly for the purpose of funding future organic growth capital
requirements. In addition, amounts drawn under previous facilities have been refinanced
into new term debt facilities. Amounts drawn under existing facilities on the date of
refinancing amounted to $29.9 million.
Ends
Authorised for release to the NZX and ASX by the Mark Heine, EVP, General Counsel.



For Investor enquires please contact:
Anna Bonney
Investor Relations
+64 21844155
anna@merlinconsulting.co.nz
For Media enquiries please contact:
Hamish Haldane
ANZ Marketing Director
hamish.haldane@eroad.com




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