Halcyon completes US$413m refinancing

HALCYON Agri on Wednesday said it has successfully completed a refinancing of up to US$413 million, replacing existing debts with a mix of term loan and working capital facilities.

The natural rubber supply chain manager said the new facilities received "strong support" from its financing partners.

This long-term financing was secured to replace temporary facilities used for its acquisition of Anson Company from Lee Rubber for S$450 million, announced last July.