ABL works with top US firms for cross-border debt raising

The deal, which involved two leading American firms, raised US$475m for the Melbourne-headquartered company

ABL works with top US firms for cross-border debt raising

Arnold Bloch Leibler (ABL) was Australian lead counsel for Nufarm Limited on a debt raising in the US.

The cross-border raising raised US$475m for Australia’s largest manufacturer of crop protection products, which intends to use the funds to repay debts. It involved ABL working with two leading American firms.

ABL corporate partner Jonathan Wenig led the firm’s team with banking and finance partner Gen Sexton. He said the firm is pleased to have assisted Nufarm, particularly because of the cross-border dynamics of the deal.

Skadden, Arps, Slate, Meagher & Flom acted as lead US legal counsel on the deal. Sullivan & Cromwell acted for the underwriters of the raising.

ABL has previously assisted Nufarm in cross-border acquisitions. These deals include the $627m acquisition of a portfolio of European crop protection products from Adama Agricultural Solutions and Syngenta Crop Protection and the $118m acquisition of a European cereal broadleaf herbicide portfolio from FMC Corporation.

ABL’s recent cross-border mandates include its work for the Krispy Kreme Doughnut Corporation in its acquisition of the Krispy Kreme Australia and New Zealand franchise business.

 

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