Nufarm has tapped three investment banks to help the company raise fresh debt worth $US450 million.
It is understood UBS, Deutsche Bank and JPMorgan were in the market overnight, drumming up interest among US investors for the raising.
Nufarm was seeking to raise $US450 million via the sale of senior unsecured notes.
Proceeds were expected to be used to repay existing debt.
The company had $543 million net debt as at January 31, its most recent balance date. That included a $US325 million senior unsecured notes offering due in October 2019.
Advertisement
The new deal is expected to price later this week, following investor meetings.
Nufarm announced its intentions to pursue the raising …
Read the full article at: http://www.afr.com/street-talk/three-bookrunners-spearhead-nufarm-debt-deal-20180416-h0yuyt