A$2b Working Capital Financing
CBH is a vertically integrated, co-operative controlled by more than 5,700 grower-members which dominates the storage and handling of grain products in WA with a market share in excess of 90%. Its marketing arm, Grain Pool, markets more than 3 million tonnes of grain annually and exports to more than 20 destinations.
In early 2008, Azure Capital was appointed by CBH to develop and execute a debt financing solution for its grain trading, pooling and marketing operations for the 2008/2009 harvest and the next three years. As a result, a new $1.2 billion syndicated debt facility and $500 million of inventory finance was secured.