Press Release

    Olam Announces A New Multi Tranche Facility Of US2475 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 revolving credit and term loan facilities (the “Facilities”) aggregating US$2,475 million.

    The Facilities consist of three equal tranches of US$825 million each, a 364-day revolving credit facility, a 2-year revolving credit facility and a 3-year term loan.

    Proceeds from the Facilities 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, Barclays Bank PLC, Banco Bilbao Vizcaya Argentaria S.A., BNP Paribas, Commerzbank AG, DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, ING Bank N.V., Singapore Branch, JPMorgan Chase Bank, N.A., Singapore Branch, Mizuho Bank, Ltd., National Australia Bank Limited, NATIXIS, Singapore Branch, The Royal Bank of Scotland Plc and Standard Chartered Bank as senior mandated lead arrangers (“SMLAs”) and Commonwealth Bank of Australia, Singapore Branch, Credit Suisse AG, Singapore Branch, Deutsche Bank AG, Singapore Branch, Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (trading as Rabobank), Singapore Branch and Westpac Banking Corporation, as mandated lead arrangers (“MLAs”) for the Facilities.

    Olam’s Executive Director of Finance and Business Development, A. Shekhar said: “We are extremely pleased with the strong support and continuing commitment from our banking partners for this transaction. This multi-tranche facility will be used primarily to refinance existing short-term debt and replace it with a combination of short and medium term financing as part of our ongoing efforts to optimise our borrowing mix.”

    Download

    About Olam International Limited

    Olam International is a leading agri-business operating across the value chain in 65 countries, supplying various products across 16 platforms to over 13,600 customers worldwide. From a direct presence with sourcing and processing 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 is a component stock in the Straits Times Index (STI), MSCI Singapore Free, 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..

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

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

    Issued on behalf of Olam International Limited by:

    WATATAWA Consulting, 28 Maxwell Road #03-03 Red Dot Traffic Building Singapore 069120

    Subscribe to Our News Alerts

    Subscribe to our Olam monthly newsletter.