ANZ extends Veritas' debt for a third time, seeking shareholder approval to sell Mad Butcher

Mon, 19 Feb 2018

By Sophie Boot Feb. 20 (BusinessDesk) - ANZ Bank New Zealand has extended Veritas Investment's debt deadline for the third time as the company seeks shareholder approval to sell the Mad Butcher master franchisor business and continue discussions on other asset sales. The food and beverage investor is operating under the close watch of ANZ, which has effectively been overseeing a wind-down of the business to claw back as much as possible of the $28.5 million it is owed. In October 2017, ANZ extended the $28.5 million in banking facilities ...

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