New Zealand: Ryman raises NZ$542m from Institutional Entitlement Offer

NZX-listed Ryman Healthcare, which owns and operates 45 retirement villages in New Zealand and Australia, has completed the institutional component (Institutional Entitlement Offer) of its fully underwritten 1 for 2.81 accelerated pro-rata entitlement offer in an exercise to strengthen its balance sheet by NZ$902m (US$567m). Approximately NZ$542m was raised under the Institutional Entitlement Offer. Strong…