Refining NZ plans $75M note offer

Tue, 20 Nov 2018

By Gavin Evans Nov. 20 (BusinessDesk) - Refining NZ plans to raise up to $75 million through a 15-year note offer to reduce its bank debt and extend the maturity of its borrowings. The company, operator of the country’s only oil refinery, says the issue will diversify its funding options and give it greater flexibility when planning projects. Marsden Point produces about 70 percent of the petrol, diesel and jet fuel used here. It is 43 percent-owned by Z Energy, BP and Mobil, and charges those customers processing fees based on refinin...

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