Bright Dairy extends NZD 130m loan to Synlait

Bright Dairy & Food (SSE:600597) announced that Bright Dairy International Investment Limited has extended a NZD 130 million (approximately USD 79.6 million) shareholder loan to Synlait Milk Limited. Originally approved on June 21, 2024, the loan's maturity has been extended by twelve months to July 12, 2026, following Synlait's decision to exercise its extension option. The loan bears an interest rate of 3-month BKBM + 1.6%. Bright Dairy emphasizes that this loan will not materially impact the company’s operations or cash flow, as it is managing the risk associated with Synlait’s operations and funding in accordance with internal financial controls.