re: Ann: ITC Secures Maintenance of Benchmark... fyiCANBERRA...

re: Ann: ITC Secures Maintenance of Benchmark... fyi
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.