Z Energy to raise up to $125M in bond offer to refinance recent maturity

By Paul McBeth
Aug. 20 (BusinessDesk) - Z Energy will raise as much as $125 million through a new six-year bond offer paying at least 4 percent a year, which it will use to refinance $150 million of debt that matured last week.
The Wellington-based company is selling $100 million of six-year unsubordinated secured fixed rate bonds and will take up to $25 million in oversubscriptions, it said in a statement. The funds raised will partially refinance $150 million of listed bonds that matured last week.
"Z will use the net proceeds of t...
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