SANW - S&W Seed expands Australia-based credit facilities to $31.8M
- S&W Seed ( NASDAQ: SANW ) said Thursday it extended and increased its credit facilities with National Australia Bank to a maximum of ~$31.8M, an increase of ~$5.8M from its earlier facilities.
- These include a seasonal credit facility (comprised of a borrowing base line and overdraft facility), flexible rate loan, and master asset finance facility, with expiration dates ranging from Sept. 2023 to May 2026.
- S&W Seed ( SANW ) plans to use the increased facilities to support its international forage operations based in Adelaide, Australia.
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S&W Seed expands Australia-based credit facilities to $31.8M