Synlait Milk Ltd. (AU:SM1) has released an update.
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Synlait Milk Ltd. has announced the redemption of $168.8 million worth of subordinated bonds, following a change of control event. Bright Dairy Holding Limited’s increased stake to 65.25% triggered this redemption, leaving 11.2 million bonds outstanding. The redemption is set to be completed with a cash payment on November 13, 2024.
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