Overview
- The $45 million NRFC contribution forms part of a $1.75 billion refinancing of Arnott’s debt that matures in 2026, arranged by KKR Capital Markets, Morgan Stanley and MUFG.
- NRFC says the funding will support planned growth capital expenditure as Arnott’s lifts production to pursue overseas markets.
- The fund cites securing about 2,500 Australian jobs across five Arnott’s facilities as a key outcome of the refinancing.
- Tim Tams are already ranged in all major UK supermarkets, with more than five million packs sold since launching there in April 2024.
- Arnott’s has been owned by KKR since 2019, and coverage highlights questions about the need for public money, expected returns, and how the deal fits the NRFC’s transformation remit.