Nufarm Limited Lending credit facility (the ABL Facility) secured against trade receivables and inventory located in Australia, the United States and Canada. A smaller AUD 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 AUD 500 million Securitised Trade Receivables Facility that had a 12 month term and the AUD 440 million Syndicated Bank Facility that had a customary term of three years.

Complementing the USD 350 million Senior Unsecured Notes which were issued in January 2022 and mature in January 2030, the ABL Facility will deliver considerable benefits to Nufarm's capital structure, transitioning Nufarm to a covenant-lite financing structure and significantly extending the duration of the Group's debt maturity profile. An ABL facility provides a less restrictive and more flexible covenant regime.