Nufarm Ltd., a Melbourne-based maker of agricultural chemicals, expects to sign loan facilities worth A$900 million as early as tomorrow, according to a person familiar with the matter.
One A$300 million trade receivables facility is being provided by Rabobank International while another term loan of A$600 million is being provided by Australia & New Zealand Banking Group Ltd. (ANZ), Credit Suisse Group AG, Deutsche Bank AG, Rabobank, Mizuho Corporate Bank Ltd., UBS AG and UniCredit SpA (UCG) in roughly equal amounts, the person said, asking not to be identified as details are private.
Proceeds will be used to refinance debt, the person said. Nufarm has A$900 million of bank debt maturing this year, according to data compiled by Bloomberg.
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