Ann: GENERAL: NFF: Nufarm completes refinancing

• Release Date: 13/12/13 13:33
• Summary: GENERAL: NFF: Nufarm completes refinancing
• Price Sensitive: No
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					NFF
13/12/2013 11:33
GENERAL

REL: 1133 HRS Nufarm Finance (NZ) Limited

GENERAL: NFF: Nufarm completes refinancing

Nufarm Limited announced today that it has finalised documentation relating
to the refinancing of its syndicated banking facility, which will provide
funding for the company's working capital requirements and general corporate
financing needs.  It expects that financial close will occur, and the
facility will be available for utilisation, before the end of the 2013
calendar year.

The previous facility was due for renewal in November 2014, however the
company has taken advantage of what it judged to be advantageous market
conditions to renew the facility at an earlier time on more favourable terms.

The facility provides committed funding of up to $530 million, an increase on
the $406 million limit under the previous arrangements.  The majority of the
new facility ($520 million) is for a term of three years, with the balance of
$10 million for a  one year term.  The company has achieved reduced  pricing
and additional flexibility in important terms to reflect the growth and
seasonality of the business and its funding requirements.

All previous syndicate members (Rabobank, ANZ, Credit Suisse, Deutsche Bank,
UBS, HSBC, Mizuho and Unicredit) have renewed their commitments and Nufarm
has added BBVA (a Spanish bank with significant operations in South America)
and ICBC, of China, to the syndicate, reflecting the company's increased
presence and operations in those regions.

Nufarm Managing Director, Doug Rathbone, said  the renewal reinforces the
stability of the company's capital structure and ensures the business can
continue to meet its growth objectives while operating comfortably within all
relevant financing covenants. He acknowledged the support of Nufarm's banking
partners in bringing the refinancing process to a successful outcome.

-- end --

Further information: Robert Reis
   [email protected]
   Corporate Affairs
   * (61 3) 9282 1177
End CA:00245153 For:NFF    Type:GENERAL    Time:2013-12-13 11:33:16