Rubicon renews ANZ facilities, issues US$7M in notes to shareholder, board

Rubicon renews ANZ facilities, issues US$7M in notes to shareholder, board
By Suze Metherell May 19 (BusinessDesk) - Rubicon, the forestry biotech company spun out of Fletcher Challenge, has extended its financing arrangements with ANZ Bank New Zealand and issued US$7 million in notes to its major shareholder David Knott and its board members.  The Auckland-based company's existing US$20 million debt facility with ANZ has been pushed out a year to July 1 2016 on "essentially the same terms", it said in a statement. The extension allowed for Rubicon to issue up to US$10 million of unsecured debt notes, of which K...