Rubicon confident it can cover ArborGen financing plan amid litigation uncertainty

Fri, 19 Feb 2016

By Paul McBeth Feb. 19 (BusinessDesk) - Rubicon, the NZX-listed forestry biotech company, is confident it can cover financing needs of its part-owned seedling company ArborGen, which has a US$53 million litigation cloud hanging over its head. The Auckland-based company will have to roll over its $20 million banking facility for an extra six months past its July 1 expiry to ensure it can meet the likely funding needs for ArborGen this calendar year, it said in a statement. Rubicon is one of several defendants, including its ArborGen partn...

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