Trading in Fisher and Paykel Appliances shares has been halted as the company finalises plans to raise more capital and strengthen its financial position.
A short-term loan of $80 million is due to be repaid at the end of the week.
Fisher & Paykel Appliances says that will be refinanced from the capital raising and the new deal it is negotiating with its banks.
The trading halt will be lifted on Wednesday. The appliance maker is due to reveal its full year results on Thursday.
In February, Fisher & Paykel Appliances warned its full year profit would more than halve to between $25 million and $30 million, after excluding one-off charges.
It also talked of the need to reduce its $570 million of debt, including the possibility of an injection from a major investor.
Forsyth Barr analyst Guy Hallwright says it is estimated the company would need around $150 million to $200 million, including an extra $50 million to put into the company's finance business in early 2010 to meet stricter capital adequacy requirements.
He says the appliance maker has been caught in "a perfect storm" of plunging demand in key markets and rising debt from moving operations overseas.
In contrast, the appliance maker's sister company, Fisher & Paykel Healthcare, is expecting a huge jump in profit as healthcare demand holds up in the face of the downturn.
Mr Hallwright expects the medical equipment maker's profit, to be announced on Tuesday, will be close to the company's expectation of a 71% rise to $60 million.
