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WISEWAY GROUP LIMITED — Capital/Financing Update 2022
Dec 19, 2022
66090_rns_2022-12-19_0778543e-43fe-4370-ba9c-52addfd920b4.pdf
Capital/Financing Update
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20 December 2022
ASX Announcement
Wiseway Group Limited ABN 26 624 909 682
Registered office: 39-43 Warren Avenue BANKSTOWN NSW 2200 T: +61 2 9790 7888
Wiseway receives working capital facilities drawdown
Wiseway Group Limited (ASX: WWG, “ Wiseway ”, “ the Company ” or “ the Group ”), one of Australia’s leading integrated freight and logistics operators, advises that it has received the funds from the two working capital facilities announced on 13 December 2022.
Wiseway advises the facilities were obtained from De Lage Landen Pty Limited and Toyota Finance Australia Ltd. Repayments are monthly over terms ranging between two and five years.
The facilities will increase liquidity and enable further development of the Group’s global network of cargo hubs.
Wiseway is a leader in all facets of international forwarding and logistics, including Sea Freight, Air Freight, Customs Clearance, Transportation, Warehousing, Distribution, and Logistics Solutions.
The Company is a licensed customs brokerage firm, s77G Customs Depot and an IATA agent.
Ends
Authorised for release by the Board of Directors of Wiseway Group Limited.
For further information, please contact:
Investor enquiries Media enquiries Florence Tong Richard Martin Executive Chair and Managing Director Symbol Strategic Communications E: [email protected] E: [email protected]
About Wiseway Group Limited (the Company)
Wiseway (ASX: WWG) is a leading provider of integrated logistics solutions, with a global network of strategically located warehouses and facilities and a large modern fleet of trucks, aircraft and delivery vehicles.
Established in 2005 to serve the growing Australia-Asia Pacific trade industry, Wiseway has grown to become one of the top three outbound air freight logistics providers in Australia. With multiple strategically located operation hubs in Australia, the US, and the Asia Pacific, the Company provides its large base of domestic and international customers with specialist cross-border logistics services including air freight, sea freight, import, domestic transportation, warehousing, and customs clearance.
For more information, please visit www.wiseway.com.au
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