Geneva Finance makes payments early

NZAX-listed Geneva Finance, which entered into a moratorium in November 2007 owing investors $132.4 million, said it is making payments to both debenture holders and its lender early.

The company is now in the position to pay March 31, 2011 debenture holders principal of $2.5 million and bring forward a scheduled $2.5 million reduction in its facility with BOS International (Australia) Ltd to tomorrow rather than on March 31.

Inclusive of this payment, Geneva Finance has repaid $111.3 million of investor principal and interest payments since it entered the moratorium.

The company borrows money by the issue of debenture stock and subordinated notes. It also has a revolving banking facility with BOS International.

Comments from our readers

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Rua Bioscience Market Update
FSF - Fonterra announces interim leadership changes
April 29th Morning Report
NZK - Blue Endeavour Pilot Farm and Wellboat Update
TRU - FY 31 March 2026 Revenue and Results Guidance Achieved
FBU - Fletcher Building sale of Fletcher Reinforcing and Wire
April 28th Morning Report
RYM - Ryman Healthcare appoints new independent director
ikeGPS 4Q FY26 and Full Year FY26 Performance Update
HGH - Heartland trading update