New Zealand Automotive Investments Limited (NZA) today announced that the commercial bank providing its finance facilities has extended the Retail Trade finance facility until 30 April 2023 and the Motor Finance loan facility until 1 October 2023.
The Company is in discussions with alternate lenders regarding replacement of finance facilities beyond the extended dates.
The Company remains in compliance with all banking covenants as of 22 December 2022.
See more
