Synlait seeking help from major shareholder for $130m debt

Synlait also has bonds due at the end of 2024. (Image: Synlait)

Thu, 28 Mar 2024

Synlait has entered a trading halt, asking for more time to work with its bankers and major shareholder on how it will pay a $130 million debt payment which was due on Thursday.In a market announcement to the New Zealand stock exchange (NZX), Synlait said it would provide an update on April 2 where it will update investors on its plans to develerage its balance sheet, including discussions with 39% shareholder Bright Dairy "regarding the provision of financial support".Synlait also has $180m of bonds falling due in December. Its...

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