Veritas in refinancing negotiations as ANZ extends debt for a fourth time

Fri, 27 Apr 2018

By Sophie Boot April 27 (BusinessDesk) - Veritas Investments says it's in negotiations with a new lender and has again been granted a debt extension by ANZ Bank New Zealand. The food and beverage investor is operating under the close watch of ANZ, which has effectively been overseeing a wind-down of the business to claw back as much as possible of the $27 million it is owed. ANZ has extended the tranches of the company's bank debt, which was due for repayment today, until June 30, Veritas said. This is the fourth time that ANZ has extende...

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