Arvida launches bookbuild to bridge $44m funding gap ahead of Arena deal
The NZX-listed aged care provider raised $131m of $175m in a rights issue closed this morning.
Arvida is initiating a shortfall bookbuild process after a $175 million underwritten rights offer came up $44m short.
The NZX-listed aged care provider was put into trading halt at 8.30 am ahead of news of the bookbuild.
In mid-October, Arvida kicked off a $330m capital raise to fund the
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