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Australian almond producer Select Harvests raises $62m from investors to reduce debt and expand factory capacity.
Australian almond producer Select Harvests has raised nearly $62 million from institutional investors and anticipates an additional $18.3 million from retail shareholders.
The funds will help reduce its substantial debt, estimated at $230-$245 million for 2023-24, and enhance processing capacity at its Carina West factory.
The company forecasts a profit revival with increased almond yields and stable global prices, despite logistics challenges impacting cash flow.
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El productor australiano de almendras Select Harvests recauda 62 millones de dólares de los inversores para reducir la deuda y ampliar la capacidad de la fábrica.