Move Logistics Secures $22M BNZ Facility to Cut Financing Costs from Nov 2026

Move Logistics Group (ASX: MOV) has agreed terms with BNZ for a new invoice finance facility of up to $22m, marking a significant step in the Move Logistics Group BNZ facility arrangement that will strengthen its banking relationships while delivering meaningful reductions in financing costs. The facility will commence by 30 November 2026, replacing the current Pacific Invoice Finance arrangement and returning MOV to a two-bank partnership with ANZ and BNZ.

Move Logistics secures $22m BNZ facility to slash financing costs

Transport and logistics group MOVE Logistics Group Limited (NZX/ASX: MOV) has agreed terms with BNZ for a new invoice finance facility of up to $22m to support its working capital requirements. The facility is scheduled to commence by 30 November 2026, when the company’s current Pacific Invoice Finance facility expires.

The new arrangement delivers dual benefits for MOV. The facility is competitively priced and will provide a meaningful reduction in the company’s financing costs from November 2026 forward, directly supporting margin improvement. The change also re-establishes a two-bank partnership structure with ANZ and BNZ, strengthening MOV’s banking relationships as its business transformation plan progresses.

Lower financing costs directly improve operating margins and cash flow available for growth initiatives or debt reduction. For a logistics business managing significant working capital cycles, the cost of financing trade receivables represents a material operating expense line item.

The facility remains conditional on final signed documentation reflecting the agreed committed terms.

What is invoice finance and why does it matter?

Invoice finance facilities allow businesses to access cash tied up in unpaid customer invoices before payment terms expire. Transport and logistics companies typically deliver services immediately but wait 30 to 90 days for customer payment, creating a working capital timing gap.

An invoice finance facility bridges this gap by advancing funds against outstanding invoices, typically providing 70% to 90% of invoice value immediately. The business pays interest and fees on the advanced amount until the customer settles the invoice.

For MOV, a competitively priced facility reduces the cost of managing this cash flow timing mismatch. In capital-intensive logistics operations where fuel, wages, and vehicle costs must be paid promptly regardless of customer payment cycles, the interest rate on working capital facilities directly impacts profitability.

CEO signals transformation progress

Paul Millward, CEO

“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.”

Management acknowledged the support of Pacific Invoice Finance over the past 18 months as MOVE’s transformation plan has progressed. The shift to mainstream banking partners suggests improved creditworthiness, whilst the CEO’s tone indicates confidence in the company’s operational trajectory.

Key terms and timeline

What this means for investors

1. Reduced financing costs from November 2026 will support margin improvement
2. Return to two mainstream banking partners suggests improved financial standing
3. Confirms continued execution of business transformation strategy
4. Working capital facility secured well ahead of current facility expiry

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