5th Dec, 2022
Olam Agri secures US$2,000 million bridge financing
Singapore Olam Agri, the food, feed and fibre operating group of Olam Group Limited (“Olam Group”), announced today that it has secured a US$2,000 million bridge financing facility (“the Facility”). The 18-month bridge loan facility will be used to support Olam Group’s Re-organisation Plan and may be used for general corporate purposes. N Muthukumar, Group CFO of Olam Group and CEO of Operations at Olam Agri said: “This transaction gives Olam Agri significant financial flexibility while Olam Group continues on its Reorganisation pathway. We thank our banking partners for their strong commitment and support.” The bridge financing has Olam Global Agri Treasury Pte. Ltd. as Borrower. The facility is guaranteed by Olam Group Limited. The terms of the Facility include provisions that facilitate the ongoing Re-organisation Plan. DBS Bank, Citibank, MUFG Bank Ltd. and The Hongkong And Shanghai Banking Corporation Limited (“HSBC”) participated as Senior Mandated Lead Ar
15th Nov, 2022
ofi expands its innovation capabilities with a new Customer Solutions Center in Singapore
Singapore olam food ingredients ("ofi"), a global leader in naturally good food and beverage ingredients, today opens its new Customer Solutions Centre (CSC) in Singapore. The new facility will enable ofi to better collaborate with brands, grocery retailers and foodservice companies to create their next delicious and nutritious product for consumers. The CSC will be inaugurated by guest of honor, Ms. Low Yen Ling - Minister of State, Ministry of Trade and Industry (MTI) & Ministry of Culture, Community and Youth (MCCY). Solving customer challenges A team of culinary and pastry chefs, food scientists, quality, regulatory and category experts will help ofi’s customers develop new products and applications using ingredients from ofi’s portfolio of cocoa, coffee, dairy, nuts and spices. These ingredients are highly complementary and can be combined into recipes and formats that meet consumer trends for exciting new flavors, health benefits, convenience, and plant-based sol
28th Oct, 2022
Olam Agri Cameroon marks World Breast Cancer Awareness Month
In honor of Breast Cancer Awareness Month, Riz Mémé in partnership with Olam Agri Cameroon, launched a week-long awareness campaign to spread knowledge on breast cancer, its preventive measures, and ways to combat the disease. The campaign included various activities highlighting the importance of adopting a healthy lifestyle, methods of prevention, early detection, screening and a donation exercise.
16th Nov, 2022
Enhancing Workforce Nutrition in Ghana
As part of its efforts to improve workplace nutrition and promote healthy living among employees, Olam Agri Ghana is providing fortified rice to employees across all 6 locations during lunchtime.