Synlait confirms $450m bank refinance deal
Syndicate of eight banks agree new one-year loan facilities, conditional on forthcoming equity raise.
Synlait chief executive Grant Watson.
Debt-burdened milk processor Synlait has announced a deal to refinance its bank loan facilities with new one-year loans totalling up to $450 million.
In a statement to the NZX, Synlait said it had executed the new facilities with a syndicate of eight banks, conditional on an equity capital raise to
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