Monday 24th September 2012 |
Text too small? |
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 year ended Aug. 1 today.
Its shares last traded at A$5.85 on the ASX and have gained 41 percent this year.
BusinessDesk.co.nz
No comments yet
Second St John withdrawal of labour takes effect tomorrow with further strikes likely
Sanford Appoints Independent Director
CRP ADVISES CLOSURE OF SHARE OFFER TO EXISTING INVESTOR
Devon Funds Morning Note - 14 August 2024
OCR 5.25% - Monetary restraint tempered as inflation converges on target
Consumers still need due diligence as new deposit takers emerge.
Woolworths strike: staff asked to dress up in Disney costumes for a week on their own dollar
Turners Invests in Quashed Online Insurance Platform
PGW Reports on Challenging Year
Arvida Announces Executive Team Changes