Saputo has ample firepower

The Canadian dairy giant has greater access to funds that its rivals Murray Goulburn and Bega.

Saputo Inc has used just 14 per cent of a $1.03 billion credit facility to finance its offer for Warrnambool Cheese and Butter Factory Ltd, leaving the Canadian dairy giant with massive firepower to trump any competing bid for Warrnambool.

The National Bank of Canada and Bank of Montreal have offered Saputo credit facilities of $525 million and $505 million. Just $141.4 million has been drawn from the credit facilities, Saputo says.

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