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ABL advises Nufarm Limited on $97.5m placement of preference securities

Capital Markets
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A multi-disciplinary team has advised ASX listed Nufarm Limited on the placement of $97.5 million of preference securities to existing shareholder and strategic business partner, Sumitomo Chemical Company Limited.

Led by Commercial Partner Jonathan Wenig, the ABL team advising Nufarm consisted of Banking & Finance Partner Genevieve Sexton, Commercial Senior Associate Rebecca Zwier and Commercial Lawyer Kelly Seo.
Jonathan Wenig commented: “We are pleased to have advised Nufarm on this matter. The most rewarding professional experiences are opportunities to act for longstanding clients in milestone transactions”.
Nufarm Managing Director and CEO Greg Hunt, said: “Sumitomo has been a long-term supporter and business partner and today’s agreement is a strong endorsement of the strength of our relationship. The preferred securities are a valuable addition to our capital structure that reduce debt and strengthen our balance sheet”. 

About Arnold Bloch Leibler

Arnold Bloch Leibler is a premier Australian commercial law firm that provides strategic legal and commercial advice nationally from its offices in Melbourne and Sydney to a diverse range of leading Australian corporations, high-net-worth individuals and large family businesses as well as international corporations. Arnold Bloch Leibler also has a dedicated pro bono practice providing advice on social, environmental and cultural issues to more than 150 charitable and not-for-profit organisations.

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