So Synlait have gone with the Bright Dairy loan facility .......

So Synlait have gone with the Bright Dairy loan facility .... How will shareholders vote and subsequently A2M with their 20% shareholding in SM1 ? They need approval from various other avenues as well including the banking syndicate but I am guessing they just want their money so they will likely vote yes ? No one appears to be wanting to buy Dairyworks for the price tag Synlait wants at this stage either .......

..... things are starting to get interesting .... 5 weeks left to get it all sorted


GLTAH


The drawdown of the loan is conditional upon Bright Dairy securing all necessary corporate, shareholder, and external approvals, as well as meeting customary drawdown conditions and consent of Synlait’s banking syndicate (including subordination terms).