Allied Farmers is yet to finish renegotiating its bank loans, despite the lending arrangements expiring next week.
Allied, which took over Hanover and United Finance's assets in December, currently has a $16.5 million loan, and a $2.5 million overdraft, with Westpac. Both expire on 1 July.
In a statement to the market issued on Friday afternoon, Allied Farmers said negotiation of its banking facilities with Westpac and another un-named lender proposing to offer funding under a shared security arrangement, was continuing.
Shares in Allied Farmers slipped to a record low of 4.3 cents on Friday.
