Olam Issues Mandate To Raise 5-Year US$300 Million Syndicated Transferable Term Loan
SGX Filings 28th Feb, 2006
Olam International Limited (the “Company”) wishes to announce that the Company has mandated DBS Bank Ltd, The Hongkong and Shanghai Banking Corporation Limited, Rabobank Singapore Branch and Standard Chartered Bank (collectively the “Mandated Lead Arrangers”) to arrange a 5-year US$300 Million Syndicated Transferable Term Loan Facility (the “Facility”). Proceeds from the Facility will be used to refinance existing debt, finance permanent working capital and for general corporate funding requirements of the Company. The Facility is fully underwritten by the Mandated Lead Arrangers.