ELD 3.14% $8.86 elders limited

Ann: ITC Secures Maintenance of Benchmark Price f, page-7

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    CANBERRA (Dow Jones)--Agribusiness Elders Ltd. (ELD.AU) Tuesday announced its lenders
    have agreed to a three-month extension to Sep. 30 on its short-dated finance facilities.
    As part of these arrangements and in anticipation of a longer-term refinancing, Elders
    and some of its Australian units agreed to provide banks and noteholders with guarantees
    and security, it reported.
    "To date, Elders has incurred costs associated with the extension and refinancing
    of approximately A$10 million before tax, inclusive of the extension fees and the costs
    of its own advisers and those of advisers to the banks and noteholders that it is obliged
    to pay under the terms of its lending arrangements," the company said in a
    statement.
 
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