The past two seasons have been difficult for New Zealand’s kiwifruit industry. Quality issues, labour shortages, and extreme weather fluctuations have all contributed to a drop in orchard gate returns, while inflation and higher interest rates have driven up orchard operating costs.
For Quarry Kiwifruit LP, this has meant reduced revenue and a shortfall in working capital earmarked for supporting the development these top-tier orchards to their full potential.
Despite these short-term headwinds, kiwifruit remains one of our top export earners whose future looks bright. During the next five years, Zespri expects crop and sales volumes to grow by 39%.
Capital raised through this offer will enable Quarry Kiwifruit LP to fund working capital requirements as the orchards continue to develop.
- The loan notes will pay interest of 10% p.a. – paid quarterly in arrears until scheduled maturity on 31st August 2026.
- Quarry Kiwifruit LP is offering 3,000,000 convertible loan notes at $1/ Note to raise $3million.
- At the end of term, investors have the option to redeem their investment for cash OR convert it to an equity share in two prime Northland Kiwifruit orchards at a discounted rate.
- Minimum investment $50,000.
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