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Nufarm refinances a third of its debts

Nufarm has secured Aus$300 million (US$327 million) to repay the initial tranche of an Aus$900 million (US$960 million) debt. The “multi-currency securitisation facility” is a three-year programme with interim reviews, which will finance trade receivables originated by nine Nufarm entities in Australia, the US, Canada, France, the UK, Germany, Spain and Italy. The company expects to refinance the remaining Aus$600 million (US$640 million) debt early in the fourth quarter of this year.



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