EROAD Successfully Completes Placement

Transportation technology business EROAD Limited (NZX/ASX: ERD) today announces it has successfully raised approximately NZ$42 million through its placement announced on 17 September 2020 at a price of NZ$3.90 per share (AU$3.59 per share), representing a 10.3% discount to the last close price on the NZX on 14 September 2020 of NZ$4.35; and 9.0% discount to the ten-day volume weighted average price on the NZX of NZ$4.29. Read more »

Quarterly Operational Update and COVID-19 Update

Transport technology services company EROAD today released its regular quarterly update for the three months ended 31 March 2020 and provided an update on the impacts of COVID-19 on its business. Read more »

EROAD completes refinancing of debt facilities

EROAD has completed the previously signalled refinancing of its debt facilities and has entered into a new syndicated three-year debt facility with Bank of New Zealand and China Construction Bank. Total committed syndicated facilities amount to $60.0 million which includes $36.1 million of term debt, relating largely to refinanced debt, a new $20.0 million capital expenditure facility and a $3.9 million working capital facility. Read more »