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ABL advises Nufarm on its $950 million global refinancings

Banking & Finance
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Arnold Bloch Leibler has advised ASX-listed global crop protection and seed technology company, Nufarm (ASX:NUF), on its $950 million global refinancings.

Nufarm has entered into a five year $800 million revolving Asset Based Lending secured credit facility and a two year $150 million secured Liquidity Facility. The refinancing involved Nufarm entities in more than 15 global jurisdictions and replaced Nufarm’s existing receivables securitisation programme and its existing syndicated bank facility.

Banking & Finance partner Genevieve Sexton, lawyers Natalie Thomas, Peter Muzariri, and law graduate Vanessa Filipendin advised on all aspects of the refinancing.

Commenting on the matter, Genevieve Sexton said: "We were thrilled with the outcome for Nufarm and are excited to see how the benefits of the new capital structure unfold."

Nufarm said when announcing the refinancing: "Nufarm’s new working capital debt facilities are important components underpinning a flexible and durable capital structure that will provide greater financial resilience across operating cycles and varied underlying trading conditions."

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