Mowbray secures financing with BNZ for Peter Webb Galleries unit

Sun, 28 Dec 2014

By Tina Morrison Dec. 29 (BusinessDesk) - Mowbray Collectables, which is selling its stamp, coin and bank note trading business in a bid to return to profitability, has secured financing for its Peter Webb Galleries unit to enable it to continue trading. The Wellington-based company has arranged short-term and long-term financing with Bank of New Zealand after warning in November that it was in talks with its bankers about refinancing and restructuring its debt to ensure its continued solvency, it said in a statement. Chief executive a...

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