Tongaat Hulett's SA lenders have agreed to make new credit facilities available to it, the sugar producer says. The creditors have agreed in principle to make new senior term loan, senior revolving credit and overdraft facilities available. "The new SA facilities will be used primarily to refinance amounts owing to the SA lenders under existing facilities and to fund general corporate and working capital requirements," Tongaat Hulett said in a statement on Monday. The embattled company has been hit by an accounting scandal that has forced it to restate its financials and ask for its shares to be suspended. It has been in debt restructuring talks with SA and Mozambican creditors. A successful restructuring of its debt is seen as critical to ensure the long-term sustainability of the company. But the deal announced on Monday goes above and beyond a debt standstill, or a break from payments, which the company was first negotiating.