Synlait Milk Finalizes Bank Refinancing for New Funding Arrangements of NZ$350 Million

MT Newswires Live
Sep 26, 2025

Synlait Milk (ASX:SM1, NZE:SML) finalized its planned bank refinancing, and the new funding arrangements total NZ$350 million, according to a Friday Australian bourse filing.

Synlait's new banking syndicate includes ANZ Group Holdings (ASX:ANZ, NZE:ANZ), China Construction Bank, Bank of China, Rabobank, Industrial Commercial Bank of China, HSBC, Bank of Communications, and Bank of East Asia.

The arrangements include a secured revolving credit facility A of NZ$123 million as well as a secured revolving credit facility B of NZ$110 million.

All facilities included in the arrangements mature on June 30, 2026, excluding a NZ$15 million secured overdraft facility, with a NZ$50 million step down in the size of the revolving credit facility A on and from February 28, 2026.

Synlait's shares rose over 2% in recent trading on the Australian bourse on Friday.

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