Administrators are urgently searching for a buyer for S&W Seeds Australia. Photo: S&W Seeds Australia
ADMINISTRATORS are calling for expressions of interest for the sale or recapitalisation of S&W Seeds Australia after the business entered into voluntary administration late last month.
The seed company reportedly owes almost $61 million, including $50M to secured corporate debt financing companies, primarily National Australia Bank, $9.8M to trade creditors and $1.15M of employee leave entitlements.
As of August 7, S&W Seeds has continued to trade with all 56 employees retained.
A subsidiary of United States-based S&W Seeds, S&W Seeds Australia purchases seeds from a network of over 100 Australian growers then,…
