Nufarm Limited has entered into a five-year AUS$800 million revolving Asset Based Lending credit facility (the ABL Facility) secured against trade receivables and inventory located in Australia, the United States and Canada. A smaller AUS$150 million Liquidity Facility with a two-year term has also been established to sit alongside the ABL Facility to assist in the ongoing funding of Nufarm’s working capital requirements. The execution of the ABL Facility and the Liquidity Facility replace the existing AUS$500 million Securitized Trade Receivables Facility that had a 12-month term and the AUS$440 million Syndicated Bank Facility that had a customary term of three years.

Arnold Bloch Leibler advised Nufarm with a team that included Genevieve Sexton, Natalie Thomas, and Peter Muzariri.

McMillan represented the Canadian loan parties, with a team led by Jeff Rogers and Maria Sagan and included Christina Kim and Meagan Moulton.