Nufarm Australia to offer US$300M of notes in US, refinance Australian banking facility

Sun, 23 Sep 2012

Sept. 24 (BusinessDesk) - Nufarm Australia plans to raise US$300 million by selling senior unsecured notes to US institutions, using the funds to reduce indebtedness under an Australian revolving bank facility. If the offer is successful, Nufarm would reduce the A$625 million facility by US$250 million, it said in a statement. The agricultural chemicals manufacturer said it has been assigned a 'Ba2' credit rating with a stable outlook by Moody’s Investors Service. Nufarm, the parent of Nufarm Australia, is to release its results for the yea...

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