SFG Raises NZ$200 Million To Power Kiwi Productivity & Growth In Inaugural, Positively Supported Public Term Transaction
This inaugural raise diversifies Speirs' capital strategy, expanding its already strong platform to support the financing of equipment, vehicles, and technology across key sectors including construction, transport, healthcare, agriculture and fleet leasing. With enhanced capacity, Speirs continues to enable Kiwi businesses to invest in productive assets—helping drive innovation, lift productivity, and fuel growth in regional economies across New Zealand.
Michelle Herlihy, Chief Executive of Speirs Finance Group, said, 'Investor demand for this deal shows deep confidence in New Zealand's real-economy story. The funds give us greater firepower to help customers invest, innovate and keep New Zealand businesses moving forward.'
The offer closed with positive support from investors, underscoring market trust in Speirs' disciplined credit culture and long-term strategy. The raise diversifies the Group's funding base and further strengthens its balance-sheet resilience.
Proceeds will refinance receivables housed in Speirs' warehouse facilities and free up capacity to accelerate new lending across its equipment, fleet and healthcare finance portfolios—areas proven to boost productivity and service delivery nationwide.
Speirs acknowledges the invaluable support of its banking partners and advisors, whose expertise helped the Group engage a high-calibre investor base and successfully navigate its inaugural issuance.
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SFG Raises NZ$200 Million To Power Kiwi Productivity & Growth In Inaugural, Positively Supported Public Term Transaction
Speirs Finance Group has completed its first public term asset-backed securities (ABS) issue, securing NZ$200 million from a broad base of institutional investors in New Zealand and Australia. The multi-tranche notes carry Fitch ratings and settled early July. This inaugural raise diversifies Speirs' capital strategy, expanding its already strong platform to support the financing of equipment, vehicles, and technology across key sectors including construction, transport, healthcare, agriculture and fleet leasing. With enhanced capacity, Speirs continues to enable Kiwi businesses to invest in productive assets—helping drive innovation, lift productivity, and fuel growth in regional economies across New Zealand. Michelle Herlihy, Chief Executive of Speirs Finance Group, said, 'Investor demand for this deal shows deep confidence in New Zealand's real-economy story. The funds give us greater firepower to help customers invest, innovate and keep New Zealand businesses moving forward.' The offer closed with positive support from investors, underscoring market trust in Speirs' disciplined credit culture and long-term strategy. The raise diversifies the Group's funding base and further strengthens its balance-sheet resilience. Proceeds will refinance receivables housed in Speirs' warehouse facilities and free up capacity to accelerate new lending across its equipment, fleet and healthcare finance portfolios—areas proven to boost productivity and service delivery nationwide. Speirs acknowledges the invaluable support of its banking partners and advisors, whose expertise helped the Group engage a high-calibre investor base and successfully navigate its inaugural issuance.
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Reminder, this is a Premium article and requires a subscription to read. Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech. Access to Herald Premium articles require a Premium subscription. Subscribe now to listen. Speirs Finance secures $200m in first capital raise for NZ businesses Michelle Herlihy, chief executive of Speirs Finance. Photo / Supplied Speirs Finance Group, which specialises in lending to small to medium-sized enterprises, has completed its first capital raise. The company said it had completed an asset-backed securities (ABS) issue, securing $200 million from institutional investors in New Zealand and Australia. The multi-tranche notes carry Fitch ratings and settled early this month. Speirs, which is owned by Australian private equity firm Anchorage Capital Partners, said its raise diversified the company's capital strategy, expanding its platform to support the financing of equipment, vehicles, and technology across key sectors including construction, transport, healthcare, agriculture and fleet leasing. Chief executive Michelle Herlihy said investor demand for the deal showed deep confidence in New Zealand's economy.
