Veritas shareholders overwhelmingly back $27.5M Nomura refinancing deal

Mon, 25 Jun 2018

By Paul McBeth June 25 (BusinessDesk) - Veritas Investments shareholders overwhelmingly backed a $27.5 million refinancing deal with Japan's Nomura Holdings which gives the operator of the Better Bar Co a new lease of life. Some 99.9 percent of votes cast at today's special meeting in Auckland backed the transaction, which settles on June 28, giving the food and beverage investor enough cash to repay ANZ Bank New Zealand, and give it a $5 million credit line to use with the investment bank's approval for capital spending on growth proposi...

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