SGX Filings

    USD85 Million Syndicated Islamic Trade Finance Facility

    SGX Filings

    Olam International Limited (the “Company”) wishes to announce that the Company has secured a USD85 million syndicated Islamic trade finance facility (the “Facility”) from a syndicate of six banks. The Facility is for a period of one year and can be extended for a further period of one year upon request. The proceeds from the Facility will be used primarily to fund the working capital requirements of the Company.

    The arranger and participating banks of the Facility are as follows:-

    Mandated Arranger:
    Standard Chartered Bank

    Arrangers:
    Dubai Islamic Bank
    Kuwait Finance House

    Co-Arrangers:
    Boubyan Bank
    National Bank of Pakistan

    Lead Manager:
    Emirates Islamic Bank

    None of the Directors or substantial shareholders of the Company has any interest in the above transaction save for their interests arising by way of their shareholdings and/or directorship, as the case may be, in the Company.

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