Veritas Investments gets $27.5 mln refinancing deal with Japan's Nomura

Sun, 20 May 2018

By Sophie Boot May 21 (BusinessDesk) - Japanese investment bank Nomura Holdings will lend Veritas Investments $27.5 million to repay bank debt and fund expansion in the hospitality sector, if Veritas' shareholders agree. The food and beverage investor has been operating under the close watch of ANZ Bank New Zealand, which has effectively overseen a wind-down of the business to claw back as much as possible of the $22.5 million it is owed, and has extended the tranches of the company's bank debt four times since October 2017. In a rele...

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