News
South Canterbury Finance repays government’s $175m loan
Sunday 6th of March 2011
It is unclear when the repayment happened but South Canterbury's receiver Kerryn Downey of McGrathNicol said the company had borrowed $150 million to repay the $175 million loan, and subsequently generated enough cash to repay the $150 million borrowing.
For South Canterbury this was a big achievement, says Downey. The company now has a sound cash flow and is flush with cas...
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