Bluebay takes half of Rye River in debt-for-equity swap deal

Rye River Brewing, the company behind McGargles craft beer, has finalised a debt-for-equity swap that has seen investment firm Bluebay take a near 50 per cent stake in the brewer.

Rye River has undergone a major restructuring over the past 12 months after racking up a couple of years of losses as a result of failing to deliver on an ambitious expansion plan.

However, in the last couple of weeks the company has ...