Mad Butcher owner Veritas gets agreement from bank for reduced debt payments

Thu, 08 Sep 2016

By Edwin Mitson Sept. 9 (BusinessDesk) - Veritas, the listed hospitality company which owns the Mad Butcher franchise and Nosh Food Markets, has agreed a deal with its bank to reduce debt repayments and reschedule its debt. In a statement published to the NZX, Chairman Tim Cook said the company had "received a committed term sheet from the ANZ Bank which it has accepted." He added the information was consistent with the unaudited financial statements published on Aug. 29. Those statements showed the board had to weigh up if the busin...

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