Synlait has requested a trading halt for its ordinary shares and quoted bonds, as it seeks additional time to finalise discussions with its banking syndicate and major shareholder, Bright Dairy.
The trading halt, which was placed by NZ RegCo, will remain in effect until the release of Synlait's half-year results on April 2, or the market open on April 2, whichever is earlier.
Synlait is required to make a prepayment of at least $130 million on Thursday.
The company is also running a sale process for Dairyworks and plans to provide an update on its balance sheet deleveraging.
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