NFF unknown

Ann: GENERAL: NFF: Nufarm completes US$325m Senio

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    • Release Date: 08/10/12 13:12
    • Summary: GENERAL: NFF: Nufarm completes US$325m Senior Unsecured Notes Offering
    • Price Sensitive: No
    • Download Document  2.16KB
    					
    
    NFF
    08/10/2012 11:12
    GENERAL
    
    REL: 1112 HRS Nufarm Finance (NZ) Limited
    
    GENERAL: NFF: Nufarm completes US$325m Senior Unsecured Notes Offering
    
    Nufarm Limited today announced that its wholly-owned subsidiary, Nufarm
    Australia Ltd, has completed its previously announced offering of US$325
    million in aggregate principal amount of 6.375% Senior Unsecured Notes due
    2019 (the "Notes") in an offering to qualified institutional buyers in the
    United States pursuant to Rule 144A under the United States Securities Act of
    1933, as amended (the "Securities Act"), and to certain persons outside the
    United States in offshore transactions in reliance on Regulation S under the
    Securities Act.
    
    The net proceeds of the Notes issue will be used to repay existing
    indebtedness outstanding under the A$625 million Australian revolving bank
    facility entered into in November 2011.  Concurrent with this, US$250 million
    of the commitments under the A$625 million Australian revolving bank facility
    would be cancelled.  The Notes, together with the Australian bank facilities
    and the trade receivable securitisation facility put in place during 2011,
    reflects Nufarm's strategy to diversify its funding sources and extend its
    debt maturities.
    
    The Notes will pay interest on 15 April and 15 October each year, commencing
    on 15 April 2013, at a rate of 6.375% per annum and will mature on 15 October
    2019.  The Notes are unsecured and are guaranteed by Nufarm Limited and
    certain of its other subsidiaries.
    
    This notice does not constitute an offer to sell, or the solicitation of any
    offer to buy, the Notes or any other securities. Any offer of the Notes will
    be made only by means of a private offering circular.  The Notes are not
    being registered under the Securities Act of 1933 (the "Securities Act"), or
    the securities laws of Australia or any other jurisdiction.  The Notes may
    not be offered or sold in the United States without registration under the
    Securities Act or an applicable exemption from such registration
    requirements.
    
    -- end --
    
    Further information: Robert Reis
       [email protected]
       Corporate Affairs
       * (61 3) 9282 1177
    End CA:00228201 For:NFF    Type:GENERAL    Time:2012-10-08 11:12:56
    				
 
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