Synlait Milk to Redeem $168.8M Bonds Amid Ownership Shift
Company Announcements

Synlait Milk to Redeem $168.8M Bonds Amid Ownership Shift

Synlait Milk Ltd. (AU:SM1) has released an update.

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.

For further insights into AU:SM1 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App