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An announcement from Synlait Milk Ltd. ( (AU:SM1) ) is now available.
Synlait Milk Limited has successfully completed its bank refinancing, securing a total of $350 million in new funding arrangements. This refinancing includes various secured facilities with maturities set for June 2026, and involves a syndicate of supportive banks. The company has also amended its financial covenants to ensure compliance, which include a net senior leverage ratio, a working capital ratio, and an interest cover ratio. Additionally, Synlait retains a $130 million shareholder loan from Bright Dairy International Investment Limited, extending its maturity to July 2026. This financial restructuring is expected to bolster Synlait’s operational stability and support its strategic objectives.
The most recent analyst rating on (AU:SM1) stock is a Sell with a A$0.58 price target. To see the full list of analyst forecasts on Synlait Milk Ltd. stock, see the AU:SM1 Stock Forecast page.
More about Synlait Milk Ltd.
Synlait Milk Limited is a New Zealand-based company operating in the dairy industry. It specializes in the production and supply of milk and milk-based products, focusing on providing high-quality dairy ingredients and nutritional products to both domestic and international markets.
Average Trading Volume: 25,130
Technical Sentiment Signal: Sell
Current Market Cap: A$372.6M
See more data about SM1 stock on TipRanks’ Stock Analysis page.