New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>Synlait Milk’s (SML) largest shareholder, Bright Dairy (39% ownership), has decided to provide a short-term NZ$130m loan, enabling Synlait to repay its senior lender by 15 July 2024.</li><li>While this isn't a dial mover (and still requires shareholder approval), it does provide firm confirmation of Bright's previous verbal support.</li><li>The devil will be in the details of the terms. Will the loan be ranked ahead of the bonds, and what does the repayment schedule look like? </li></ul>

Synlait Milk’s (SML) largest shareholder, Bright Dairy (39% ownership), has decided to provide a short-term NZ$130m loan, enabling Synlait to repay its senior lender by 15 July 2024.While this isn't a dial mover (and still requires shareholder approval), it does provide firm confirmation of Bright's previous verbal support.The devil will be in the details of the terms. Will the loan be ranked ahead of the bonds, and what does the repayment schedule look like? 

Synlait Milk - Bright Provides Life Support