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Merricks Capital closes NZ$140m refinancing deal with Van Leeuwen Dairy Group

By 05/12/2019 No Comments

By: Jamie Gray
Business Reporter, NZ Herald
5 Dec, 2019

Australian non-bank lender Merricks Capital says it has completed a $140 million refinancing of dairy farming enterprise Van Leeuwen Group, signalling its launch into the New Zealand market just as the Reserve Bank is set to announce tougher new rules on banks’ capital requirements.

The dairy business – owned by Aad and Wilma van Leeuwen – comprises over 7500 hectares of land.

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