...SYDNEY (S&P Global Ratings) Oct. 24, 2017--S&P Global Ratings said today that its ratings and outlook on Australia-based crop-protection products manufacturer Nufarm Ltd. (##/Stable/--) are not affected following the company's potential acquisition of a European portfolio of crop protection products from Adama Agricultural Solutions Ltd. and Syngenta Crop Protection AG. The transaction is subject to regulatory approvals by European authorities and is likely to close in early 2018. Nufarm's proposed equity contribution for the acquisition underscores the company's commitment to the current rating. The company will fund the transaction using debt and equity, specifically, a A$446 million entitlement offer and A$272 million from existing debt facilities. In addition, Nufarm will put in place a one-year US$115 million committed bridge facility to support its liquidity. We expect the company to use the proceeds to pay the acquisition price of A$627 million, about A$64 million relating to inventory...
