15 Dec 2010Nufarm completes refinancing (PDF 101KB) Nufarm Limited confirmed today that it has completed the $900 million refinancing package announced on November 30. The new syndicated bank facility replaces interim financing arrangements that terminate today.
30 Nov 2010Nufarm announces bank debt refinancing arrangements (PDF 110KB) Nufarm Limited announced today that it has executed credit approved term sheets for a new $900 million syndicated bank facility that will refinance Nufarm’s existing bilateral banking facilities that are due to expire on December 15, 2010. The term sheets for the new facility have been credit approved by Rabobank, ANZ, NAB and HSBC.
27 Sep 2010Nufarm secures agreement with banks (PDF 113KB) Nufarm Limited announced today that it has secured waivers on its banking covenants in respect of the periods ending July 31, 2010 and October 30, 2010. Nufarm's lenders have also agreed to provide a funding facility for the period through to mid December.
01 Sep 2010Market Update (PDF 112KB) Nufarm Limited announced today that preliminary and unaudited analysis of 2010 year end results confirms that the net operating profit for the company will be within the $55 million - $65 million range indicated by management in its July 14 market update.
28 May 2010Nufarm comments on global glyphosate segment (PDF 92KB) Nufarm Limited today made a number of comments on the global glyphosate segment. This follows announcements from Monsanto that it is repositioning its glyphosate business and has lower expectations for glyphosate earnings. Nufarm has commented that the adjusted earnings guidance relating to Monsanto's glyphosate business has limited implications for Nufarm's own business and earnings outlook.
19 May 2010Nufarm acquires US sunflower business (PDF 111KB) Nufarm Limited announced today that it has acquired the oilseed and confection sunflower interests of California based Flower Genetics LLC. Flower Genetics is involved in the breeding, production and marketing of elite sunflower hybrids.
16 Apr 2010Completion of Sumitomo Tender Offer (PDF 86KB) We refer to the tender offer (Offer) by Sumitomo Chemical Company, Limited (Sumitomo) to acquire up to 20% of the total issued shares in Nufarm Limited (Nufarm) which closed at 7pm (Melbourne time) on 9 April 2010 (Offer Close).
22 Jan 2010Sumitomo Board approves strategic investment in Nufarm (PDF 174KB ) Today Nufarm confirms that it has been advised by Sumitomo that the Sumitomo Board has considered and approved the proposed strategic investment in Nufarm in accordance with the terms in the MoU. Under those terms, the Nufarm Board will (in the absence of a superior proposal) unanimously recommend the proposal from Sumitomo to acquire up to 20% of the issued ordinary shares of Nufarm from eligible Nufarm shareholders for $14.00 cash per share via a tender offer (the “Tender Offer”).