Olam secures US$525 million sustainability KPI-linked loan
Singapore
Leading global agri-business, Olam International Limited (“Olam’’) and its wholly owned subsidiary, Olam Treasury Pte. Ltd. (“OTPL”), have secured a revolving credit facility (the “Facility”) aggregating US$525.0 million linked to meeting sustainability Key Performance Indicators (“KPI”).
The Facility consists of three tranches – a 1-year revolving credit facility (“RCF”) of US$315.0 million, a 2-year RCF of US$105.0 million and a 3-year RCF of US$105.0 million.
Under the Facility, Olam has identified specific KPIs that are aligned with the three purpose outcomes of the Company’s sustainability strategy:
Prosperous Farmers and Food Systems,
Thriving Communities, and
Regeneration of the Living World
The interest margin on the Facility is linked with the achievement of the KPI improvement targets. The KPIs will be tracked and reported by Olam’s Corporate Responsibility & Sustainability team. Ernst & Young will independently assess the a
