The Belfast-headquartered cross-border livestock feed and farm technology group Devenish has completed a short-term debt refinance. The company has updated its capital structure to attract external equity investors with priority rewards in the event of a future sale of the business, new company documents show. The first step of Devenish’s corporate finance overhaul, first reported to be on the way by The Currency two years ago, has been on the debt side. The group has two strands of borrowings: In the short term, the group reported £22 million in bank overdrafts in its latest accounts to the end of May…

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