Synlait Milk Secures NZ$50 Million Revolving Credit Facility; Shares Down 3% in New Zealand

MT Newswires Live

2025/11/14

Synlait Milk (NZE:SML, ASX:SM1) temporarily increased its banking facilities with a new revolving credit facility of NZ$50 million for the period Nov. 14 to March 31, 2026, according to a Friday filing with the Australian and New Zealand bourses.

The dairy company said that it had planned for a lean working capital program for fiscal 2026, but it has been more difficult to manage due to the resulting cash flow impacts and expenses from manufacturing challenges faced this year.

The company added that the challenges have been largely resolved, but it's still facing related cost impacts in fiscal 2026.

The company's Kiwi shares fell almost 3% in recent Friday trade.

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