Nufarm Limited’s $303 million equity raising

UBS AG, Australia Branch and Macquarie Capital (Australia) Limited are acting as joint lead managers, joint bookrunners and joint underwriters. Arnold Bloch Leibler and Sullivan & Cromwell are serving as legal advisers to Nufarm.

Nufarm Limited executed a fully underwritten pro rata entitlement offer to raise $303 million in new equity. The Offer is being undertaken to help ensure Nufarm remains in a strong position to manage short term balance sheet risk, and to support the company’s growth strategy.
Following the completion of the Offer, Nufarm will have 31 July 2018 pro forma net debt /FY 2018 underlying EBITDA of 2.4×1.

Arnold Bloch Leibler advise Nufarm Limited with a team including Jonathan Wenig (Picture), Jeremy Lanzer, Emma Ferguson, Jessica Spring, Luke Jedynak, Simone Gould, Anna Sandiford, Anthony Hadjiantoniou, Michelle Ainsworth and Noah Lipshut.

Sullivan & Cromwell acted as US Counsel on the offering.

KWM advised the joint lead managers of the offer with a team including David Friedlander, Amanda Isouard and Henry Sit.


Involved fees earner: Jonathan Wenig – Arnold Bloch Leibler; Jeremy Lanzer – Arnold Bloch Leibler; David Friedlander – King & Wood Mallesons; Amanda Isouard – King & Wood Mallesons;

Law Firms: Arnold Bloch Leibler; King & Wood Mallesons;

Clients: UBS AG; Macquarie Capital; Nufarm Ltd;

Author: Michael Patrini