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Chorus gets new $250 mln bank facility to push out debt maturity
By Paul McBeth Aug 2 (BusinessDesk) - Chorus, the telecommunications network operator, has signed up to a new $250 million banking facility that will use to push out its debt maturity. The new facility with its existing lending syndicate Bank of Tokyo Mitsubishi, Commonwealth...
Briscoe ‘very eager’ to make acquisitions, sees year-end cash up to $90M, Duke says
Aug 2 (BusinessDesk) – Briscoe Group, whose shares have grown four times faster than the NZX 50 Index in the past five years, is eager to make acquisitions or substantial investments using a cash pile that may have grown to $90 million by January 2014. Managing director Rod Duk...
Frozen Hubbard funds’ administration, legal fees top $17 mln
By Paul McBeth Aug 2 (BusinessDesk) - The cost of administering the frozen funds of late businessman Allan Hubbard has topped $17 million, of which almost a third was hoovered up in legal fees. Since the Hubbard entities were put into statutory management in 2010, Grant Thornt...
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