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Synlait Secures NZ$50M Credit Boost Amid Manufacturing Cost Pressures

7:39am on Friday 14th of November, 2025 AEDT Consumer Staples
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Synlait Secures NZ$50M Credit Boost Amid Manufacturing Cost Pressures

7:39am on Friday 14th of November, 2025 AEDT
Key Points
  • Temporary NZ$50 million revolving credit facility added
  • Manufacturing challenges from FY25 continue to affect FY26 costs
  • Banking covenant EBITDA thresholds adjusted but compliance maintained
  • Planned debt reduction via North Island asset sale expected by April 2026
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