Oceana refinances US debt due in 2024
The Bank of Montreal was appointed to arrange the refinancing and the debt is due in five years
Fisheries business Oceana has refinanced its US debt as the $95.6m (R1.8bn) it owed is due in September 2024 and has become more expensive due to rising interest rates and a weakened rand.
The owner of SA’s Lucky Star brand bought US fisheries business Daybrook in 2019, taking on about R1.7bn in debt, at an exchange rate of R12/$...
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