Press Release

    Olam Announces a New Multi-Tranche Facility of US$1,000 Million

    Press release

    Olam International Limited (“Olam’’ or “the Company”), a leading agri-business operating across the value chain in 65 countries, announced today that it has secured a revolving credit and term loan facility (the “Facility”) aggregating US$1,000 million.

    The Facility consists of two tranches, a US$850 million 364-day revolving credit facility and a US$150 million 5-year term loan.

    Proceeds from the Facility will be applied towards refinancing of existing debt and meeting working capital and general corporate funding requirements of the Company.

    The Company has appointed Australia and New Zealand Banking Group Limited, Banco Bilbao Vizcaya Argentaria S.A., Singapore Branch, The Bank of Nova Scotia Asia Limited, The Bank of Tokyo-Mitsubishi UFJ, Ltd., BNP Paribas (acting through its Singapore branch),  Commerzbank AG, Singapore Branch, Commonwealth Bank of Australia, Singapore Branch Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A., Singapore Branch, DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, Intesa  Sanpaolo S.p.A., Singapore Branch, JPMorgan Chase Bank, N.A., Singapore Branch, The Korea Development Bank, The Korea Development Bank, Singapore Branch, Mizuho Bank, Ltd., Singapore Branch, National Australia Bank Limited, Natixis, Singapore Branch, Standard  Chartered Bank, Sumitomo Mitsui Banking Corporation, Singapore Branch and Westpac Banking Corporation as mandated lead arrangers (“MLAs”) for the Facility.

    Olam’s Executive Director of Finance and Business Development, A. Shekhar said: “This refinancing is a part of our proactive capital management strategy of diversifying our debt portfolio and achieving an optimum mix of tenor and overall borrowing cost. We would like to thank our banking partners for their strong support and continuing commitment for this transaction.”

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    About Olam International

    Olam is a leading agri-business operating across the value chain in 65 countries, supplying various products across 16 platforms to over 13,800 customers worldwide. From a direct sourcing and processing presence in most major producing countries, Olam has built a global leadership position in many of its businesses. Headquartered in Singapore and listed on the SGX-ST on February 11, 2005, Olam currently ranks among the top 50 largest listed companies in Singapore in terms of market capitalisation and is a component stock in the Straits Times Index (STI), S&P Agribusiness Index and the DAXglobal Agribusiness Index. Olam is the only Singapore firm to be named in the 2009, 2010 and 2012 Forbes Asia Fabulous 50, an annual list of 50 big-cap and most profitable firms in the region. It is also the first and only Singapore company to be named in the 2009 lists for the Global Top Companies for Leaders and the Top Companies for Leaders in the Asia Pacific region by Hewitt Associates, the RBL Group and Fortune. 

    Olam is located at 9 Temasek Boulevard #11-02 Suntec Tower Two Singapore 038989, Telephone: +65 63394100, Facsimile: +65 63399755.

    More information on Olam can be found at www.olamgroup.com.

    Issued on behalf of Olam International Limited by: 
    WATATAWA Consulting, 28 Maxwell Road #03-03 Red Dot Traffic Building, Singapore 069120

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