Bloomberg News

Nufarm A$625 Million Loan Said to Pay About 250 Basis Points

November 24, 2011

Nov. 24 (Bloomberg) -- Nufarm Ltd., a Melbourne-based maker of agricultural chemicals, signed a three-year term loan for A$625 million which pays banks a margin of about 250 basis points over benchmark rates, according to a person familiar with the matter.

Australia & New Zealand Banking Group Ltd., Credit Suisse Group AG, Deutsche Bank AG, Rabobank International, Mizuho Corporate Bank Ltd., UBS AG and UniCredit SpA organized the facility, according to a statement to the Australian stock exchange yesterday. Rabobank also provided a A$300 million securitization facility, another person familiar with the matter said on Nov. 16.

Proceeds will be used to refinance debt and the A$625 million loan was signed on Nov. 22, the person said today.

expects to sign loan facilities worth A$900 million as early as tomorrow, according to a person familiar with the matter.

To contact the editor responsible for this story: Katrina Nicholas at knicholas2@bloomberg.net


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