KWM acts on Nufarm Limited’s $303 million entitlement offer

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King & Wood Mallesons has acted on Nufarm Limited's (Nufarm) pro rata accelerated renounceable entitlement offer (with retail rights trading) (PAITREO) of new ordinary shares to existing shareholders.

The KW deal team was led by Partner David Friedlander, special counsel Amanda Isouard and solicitor Henry Sit, who advised the joint lead managers.

The offer consists of an accelerated institutional rights issue and a retail rights issue (including retail rights trading) to raise approximately $303 million. 

Commenting on the offer, Amanda Isouard said: "We are delighted to have assisted the joint lead managers on this capital raising for Nufarm.  It is the second time that we have acted for joint lead managers on a PAITREO for Nufarm." 

KWM previously acted on Nufarm's $446 million PAITREO in 2017.