Ann: GENERAL: NFF: Nufarm prices US$325m Senior U

• Release Date: 01/10/12 15:21
• Summary: GENERAL: NFF: Nufarm prices US$325m Senior Unsecured Notes Offering
• Price Sensitive: No
• Download Document  2.09KB

					

NFF
01/10/2012 12:21
GENERAL

REL: 1221 HRS Nufarm Finance (NZ) Limited

GENERAL: NFF: Nufarm prices US$325m Senior Unsecured Notes Offering

Nufarm Limited today announced the pricing by its wholly-owned subsidiary,
Nufarm Australia Ltd, 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 size
of the offering was increased to US$325 million from the previously announced
US$300 million due to strong demand. The settlement of the offering of the
Notes is expected to occur in New York on 5 October 2012, and is subject to
customary closing conditions.

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.

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, 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:00227968 For:NFF    Type:GENERAL    Time:2012-10-01 12:21:44