Tranz Rail Concludes Refinancing - Resumes Share Trading
Tranz Rail Holdings Ltd has asked the New Zealand Stock Exchange to lift from 12.15pm today the Exchange’s suspension of
trading in the Company’s shares.
The Company has concluded its refinancing negotiations and obtained all necessary approvals to proceed with its rights
issue.
Tranz Rail Chairman Wayne Walden said the successful conclusion of the refinancing negotiations, which include new
arrangements for banking facilities and the lease of the Aratere interisland ferry, allows the Company to face the
future with confidence.
“We’ve now resolved our outstanding capital issues. We’ve nearly completed our massive change programme. Our operating
performance is meeting forecasts and we are now well placed for future growth.”