ANZ cuts MOVE Logistics exposure

MOVE has refinanced and new covenants are in place. (Image: MOVE)

Fri, 28 Feb 2025

Freight company MOVE Logistics has refinanced the majority of a debt facility previously held with ANZ Bank to an invoice financier as it works to turn its fortunes around.While the group made a net loss from continuing operations of $8.56 million in the six months to Dec 31, its directors reported that moves taken to improve performance and refinance meant they were confident to provide half-yearly accounts on a “going concern” basis.The company’s auditors warned in the most recent annual report there were “material unc...

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