Synlait Milk Advances Recovery with $450M Refinancing

Synlait Milk Ltd. (AU:SM1) has released an update.

Synlait Milk Ltd. has secured a significant bank refinancing deal, totaling $450 million, to bolster its business recovery and deleveraging strategy. This financial restructuring includes various facilities and is subject to certain conditions, aiming for completion by October 1, 2024. The move is part of the company’s recapitalization efforts, with the backing of The a2 Milk Company and approval from shareholders needed at an upcoming meeting.

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