Press Release

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 its inaugural dual-tranche EUR syndicated loan facility aggregating EUR 1,100 million (the “Facility”).

Rishi Kalra, Executive Director and Group CFO of ofi said:
“I am delighted to announce the successful completion of our inaugural EUR financing. This facility demonstrates our ability to tap into diverse pools of capital to further diversify our borrowing mix. It enhances our robust liquidity position and provides financial flexibility to execute our strategy and deliver value to our stakeholders.”

The Facility has Olam Treasury B.V. (“OTBV”) as a Borrower. The Facility is initially guaranteed by Olam Group Limited which would 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. The Facility comprises a two-year EUR 450 million revolving credit tranche with a lenders’ extension option of one year and a three-year EUR 650 million term loan tranche.

A total of 11 banks participated in the Facility across two tiers:

Mandated Lead Arrangers

1. Banco Bilbao Vizcaya Argentaria SA
2. Credit Agricole Corporate & Investment Bank
3. First Abu Dhabi Bank PJSC
4. ING Bank NV
5. KfW Ipex-Bank GmbH
6. Natixis
7. Cooperatieve Rabobank UA
8. Unicredit Bank GmbH

Lead Arrangers

1. Banco Santander SA
2. Commonwealth Bank of Australia Europe NV
3. DZ Bank AG

The Hongkong and Shanghai Banking Corporation has been appointed as the Facility Agent.