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NZ's biggest retirement village company to raise $1b – second ...

NZs biggest retirement village company to raise 1b second
Big retirement village operator says it wants a platform for growth.

Ryman Healthcare is raising $1 billion to reduce debt. Photo / Supplied

New Zealand’s biggest retirement village company – Ryman Healthcare – is tapping shareholders for $1 billion through a deeply discounted capital raise aimed at slashing debt and providing a platform for growth.

The offer comprises a $313 million underwritten institutional placement and $688m underwritten pro-rata accelerated non-renounceable entitlement offer.

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