Synlait Milk secures new $450m banking facility

(Image: NZME)

Mon, 16 Sep 2024

Synlait Milk has refinanced its banking facilities for another year.Its new funding arrangements total $450 million and include a working capital facility with a peak of $160m and a $10m on-demand bilateral facility, a revolving credit facility of $205m and a term loan facility of $75m.Synlait’s new banking syndicate will include ANZ, Bank of China, Bank of Communications, China Construction Bank, HSBC, Industrial and Commercial Bank of China, Kiwibank and Rabobank.The new facilities, except for the on-demand bilateral facility, mature 12...

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