NZ's Synlait Milk rises on securing waivers for banking facilities

Synlait Milk

05/05/2026 04:21

** Shares of New Zealand's Synlait Milk SML.NZ rise as much as 2.3% to NZ$0.44, highest level since April 29

** Stock set for its fourth straight session of gains, if current trend holds

** The dairy producer says it has received two waivers - when lenders temporarily forgive or relax loan rules - in relation to its bank facilities

** Co had requested the banking syndicate to waive the quarterly minimum EBITDA threshold and interest cover ratio for the period ending 30 April 2026

** Co says it has faced numerous headwinds outside of its control which continue to impact its financial performance

** YTD, stock down 31.3%

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))