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Elders Agrees Partial Refinancing Terms

22 May 2020  |  09:59:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Elders Agrees Partial Refinancing Terms

Elders announced that it has agreed terms to partially refinance its debt facilities to deliver additional committed headroom and extended tenor. It has reached agreement to refinance with existing financiers in accordance with its objective to maximise the efficiency and flexibility of debt facilities in support of business strategy and growth. The re-finance package provides a new $50m, 2-year commitment for working capital facilities and an increase in the committed limit for the its debtor securitisation program from $120m to $200m and an extension in tenor from December 2020 to December 2021.

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