Arnold Bloch Leibler has advised Australia’s largest manufacturer of crop protection products, Nufarm Limited, on its Offering of Senior Unsecured Notes to qualified institutional buyers in the United States.
Nufarm Australia Ltd and Nufarm Americas Inc priced $475 million in aggregate principal amount of Senior Unsecured Notes maturing in 2026 in an offering to qualified institutional buyers in the United States pursuant to Rule 144A under the United States Securities Act of 1933, as amended (the “Securities Act”), and to certain persons outside the United States in offshore transactions in reliance on Regulation S under the Securities Act. The Notes will have a fixed rate coupon of 5.750%. The settlement of the offering of the Notes is expected to occur in New York on 26 April 2018, and is subject to customary closing conditions.
Nufarm intends to apply the net proceed sreceived from the Notes to fully repay amounts outstanding under the existing senior unsecured notes on issue (which are due to mature in October 2019) together with repaying some outstanding loans drawn under the Group’s syndicated bank facility.
Arnold Bloch Leibler has advised Nufarm Limited with a team including Jonathan Wenig (Picture) and Gen Sexton.
Law Firms: Arnold Bloch Leibler;
Clients: Nufarm Ltd;