Murray Goulburn will borrow as much as $165 millon so it can continue pay farmers above-market milk rates, despite announcing a major profit downgrade that led to the resignation of chief executive Garry Helou.
Investors savaged Australia's biggest milk processor on Wednesday after its slashed its profit forecasts and Mr Helou resigned.
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Jared Lynch is based in Melbourne, covering food, factories and farms, as well as other company news. Connect with Jared on Twitter.
