Elders Limited (ASX:ELD) has completed a refinancing of its core debt facilities.
The $374 million finance package has agreed with a syndicate of five banks, and replaces the previous structure that involved eight banks.
The company said the refinance has realigned the classification of Elders’ debt from being largely current, to largely non-current debt.
Chief executive Malcolm Jackman said against the backdrop of heightened uncertainity in international markets, the company secured early extension to its term debt and the entry of Rabobank into its syndicate.
In the six months to March this year, Elders (ASX:ELD) posted a loss of $11.6 million.
