Press release
29th Oct, 2024
ofi prices US$65 million note via private placement
Singapore
Olam Group Limited (“Olam Group”) announced today that its wholly owned subsidiary, ofi Group Limited (“ofi”), a global leader in naturally good food and beverage ingredients, has priced a US$65M issuance of 5-year floating rate notes (the “Notes”) via a private placement under the existing EMTN programme.
Olam International Limited (“OIL”), a wholly owned subsidiary of ofi is the issuer of the Notes. Proceeds from the Notes will be applied towards refinancing of ofi’s existing loans and general corporate purposes.
Mizuho Securities acted as Dealer for the issuance.
Press release
17th Sep, 2024
ofi secures JPY 46.5 billion medium-term samurai loan facility
Singapore
Olam Group Limited (“Olam Group”) announced today that its wholly owned subsidiary, olam food ingredients (“ofi”), a global leader in naturally good food and beverage ingredients, has secured a medium-term samurai loan facility aggregating JPY 46.5 billion (approximately US$330 million) (the “Facility”).
The Facility has Olam Treasury Pte Ltd as a Borrower and comprises a 3-year tranche of JPY 46.5 billion. The Facility is initially guaranteed by Olam Group Limited which will transfer to ofi Group Limited following the planned IPO and demerger of ofi. Proceeds from the Facility will be applied towards refinancing of ofi’s existing loans and general corporate purposes.
MUFG Bank Ltd., Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation acted as Mandated Lead Arrangers and Bookrunners for the Facility, with MUFG Bank Ltd. acting as Facility Agent.
News
9th Nov, 2023
Olam Agri and Nutrifoods Support Akosombo Flood Victims
Olam Agri, the country’s leading supply chain manager in agri-commodity, and its sister company, Nutrifoods, a top food manufacturer in Ghana, on Friday, presented a consignment of relief items to flood victims of the Akosombo Dam spillage.
In mid-October, the Volta River Authority (VRA) began spilling water from the Akosombo reservoir to protect the dam from overtopping.
The influx of large volumes of water has raised levels, causing excessive flooding in several low-lying areas along the Volta River, including, but not limited to, Mepe, Battor, Sogakope, Mafi, Adidome, and Ada.