MOVE Agrees New Facility with BNZ
Company Announcement
26 February 2026
MOVE AGREES NEW FACILITY WITH BNZ
Transport and logistics group, MOVE Logistics Group Limited (NZX/ASX: MOV), has agreed terms
with BNZ for a new facility of up to $22m, to support its working capital requirements.
The new invoice finance facility will commence by 30 November 2026 when the current Pacific
Invoice Finance facility expires and will provide a meaningful reduction in the company’s financing
costs. The new facility is conditional on final signed documentation reflecting the agreed committed
terms.
The change will see the company move back to a two-bank partnership, with the ANZ and BNZ.
MOVE CEO Paul Millward acknowledged the support of Pacific Invoice Finance over the past 18
months as MOVE’s transformation plan has progressed.
“The new funding arrangement with BNZ strengthens our banking relationships and is another
positive step forward in MOVE’s business transformation plan. The facility is competitively priced
and will significantly lower our financing costs from November 2026 forward.”
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
Chief Executive Officer
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.
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.
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