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NUFARM LIMITED — Capital/Financing Update 2011
Nov 22, 2011
65453_rns_2011-11-22_4c4b7bf1-5301-45a0-a605-83bf533da6a3.pdf
Capital/Financing Update
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Nufarm Limited ACN 091 323 312 103-105 Pipe Road, Laverton North, VIC Australia 3026 Telephone: (03) 9282 1000 Facsimile: (03) 9282 1111 Postal Address: PO Box 103, Laverton, VIC Australia 3028
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COMPANY ANNOUNCEMENT
23 November, 2011
Nufarm completes execution of refinancing documentation
Nufarm Limited today announced that it has completed the execution of documentation relating to the refinancing of its existing syndicated bank facility with a number of Australian and foreign financial institutions.
The new syndicate will provide a three year $625 million facility which – together with a securitisation facility finalised in August – will provide lines of credit to support the company's working capital and general corporate financing requirements.
The syndicate comprises ANZ, Credit Suisse, Deutsche Bank, Mizuho, Rabobank, UBS and Unicredit.
Nufarm Chief Executive Doug Rathbone said the new facility recognises the underlying credit quality of Nufarm’s global business and growth prospects and represents a key step in management’s strategy to implement a diversified and flexible term funding platform for the business.
"The improved liquidity profile that results from the new bank facility will further assist Nufarm in the management of seasonal working capital demands across its various geographic segments.
“We are very pleased with the refinancing outcome, and the opportunity to improve our funding structure and diversify our banking relationships. The implementation of the new debt facilities provides Nufarm with a comfortable level of funding headroom and flexibility and will support Nufarm in realising its strategic growth objectives.”
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Further information:
Robert Reis Corporate Affairs (61 3) 9282 1177
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