Veritas shares jump as ANZ pushes out loan maturity

Thu, 30 Nov 2017

By Sophie Boot Nov. 30 (BusinessDesk) - Veritas Investments has again had its debt deadline extended by its bank to let it continue discussions for possible deals. In August, ANZ Bank New Zealand said it wouldn't renew $28.5 million in banking facilities which come due in October and November this year. That was extended in October, meaning the majority of its debt was due to mature today. It has now been pushed out until Feb. 28. Veritas is in discussions with external parties "on a number of scenarios including asset sales, mergers a...

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