WasteCo has successfully refinanced its asset finance facilities, consolidating approximately $12.77 million of debt with Kiwibank.
The South Island waste solution company completed the refinance from non-bank financiers to Kiwibank, as well as restructured its existing facilities with the bank.
WasteCo's chairman, Shane Edmond, highlighted that this strategic move would streamline financial operations and provide greater flexibility for pursuing strategic initiatives.
The financing arrangements with Kiwibank include a mix of principal and interest, as well as interest-only facilities, aimed at delivering enhanced cash flow benefits.
WasteCo expressed appreciation to Kiwibank for its support and collaboration throughout the refinancing process.
The company is set to release its full-year results on May 30 2024, and has confirmed its previous guidance of $4m to $4.5m for operating EBITDA for the second half of the financial year.
See more
