Press Release

    ofi secures US$1,750 million sustainability-linked loan

    Press release


    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 multi-tranche sustainability-linked facility aggregating US$1,750 million (the “Facility”).  



    Rishi Kalra, Executive Director and Group CFO of ofi said:

    “At ofi, sustainability is at the heart of our operations. This Facility complements our strong liquidity position, sustainability efforts and our growth strategy to deliver sustainable, natural, value-added food and beverage ingredients and solutions through a diverse channel mix to customers across the globe.” 

    The Facility has Olam Treasury Pte Ltd as a Borrower. 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. The Facility comprises a two-year and three-year Revolving Credit Facility (“RCF”) and a three-year term loan. The interest margin on the Facility is linked to the achievement of certain sustainability targets and could reduce if those targets are met.

    A total of 19 banks from Australia, Canada, China, Europe, Japan, Middle East, Singapore and the United States participated in the Facility across four tiers: 

    Joint Sustainability Coordinators and Senior Mandated Lead Arrangers 

    1. Abu Dhabi Commercial Bank P.J.S.C.

    2. DBS Bank Ltd

    3. JPMorgan Chase Bank N.A

    4. Mizuho Bank Ltd

    5. Sumitomo Mitsui Banking Corporation

    Senior Mandated Lead Arrangers 

    1. Banco Bilbao Vizcaya Argentaria S.A

    2. BNP Paribas

    3. Coöperatieve Rabobank U.A

    4. ING Bank N.V

    5. Standard Chartered Bank (Singapore) Limited

    Mandated Lead Arrangers 

    1. Australia And New Zealand Banking Group Limited

    2. Intesa Sanpaolo S.P.A

    Lead Arrangers

    1. Agricultural Bank of China Limited

    2. Barclays Bank PLC

    3. Credit Agricole Corporate and Investment Bank

    4. First Abu Dhabi Bank PJS
    5. MUFG Bank Ltd

    6. National Australia Bank Limited

    7. The Bank of Nova Scotia

    HSBC has been appointed as the Facility agent. 

    About ofi

    olam food ingredients (“ofi”) is a new operating group born out of Olam. ofi offers sustainable, natural, value-added food products and ingredients so that consumers can enjoy the healthy and indulgent products they love. It consists of industry-leading businesses of cocoa, coffee, dairy, nuts, and spices. ofi has built a unique global value chain presence including its own farming operations, farm-gate origination, and manufacturing facilities. ofi partners with customers, leveraging its complementary and differentiated portfolio of ‘on-trend’ food products, to co-create solutions that anticipate and meet changing consumer preferences as demand increases for healthier food that’s traceable and sustainable. 

    To subscribe to the ofi newsroom, please visit (privacy statement here).

    Follow @ofi-group on LinkedIn.

    About Olam Group

    Olam Group is a leading food and agri-business supplying food, ingredients, feed and fibre to 20,200 customers worldwide. Our value chain spans over 60 countries and includes farming, processing and distribution operations, as well as a global network of farmers. 

    Through our purpose to ‘Re-imagine Global Agriculture and Food Systems’, Olam Group aims to address the many challenges involved in meeting the needs of a growing global population, while achieving positive impact for farming communities, our planet and all our stakeholders. 

    Headquartered and listed in Singapore, Olam Group currently ranks among the top 30 largest primary listed companies in terms of market capitalisation on SGX-ST. 

    Since June 2020, Olam Group has been included in the FTSE4Good Index Series, a global sustainable investment index series developed by FTSE Russell, following a rigorous assessment of Olam’s supply chain activities, impact on the environment and governance transparency. The FTSE4Good Index Series identifies companies that demonstrate strong Environmental, Social and Governance (ESG) practices and is used by a variety of market participants to create and assess responsible investment funds. 

    To subscribe to the Olam Newsroom select ‘Subscribe’ at the top of this page.

    Follow @olam on LinkedIn.

    Olam is located at 7 Straits View, Marina One East Tower #20-01, Singapore 018936. Telephone: +65 63394100, Facsimile: +65 63399755. 

    For Further Information:

    Contacts for Olam Investor Relations:

    Aditya Renjen Chow Hung Hoeng 
    Senior Vice President  Vice President
    +65 6603 1104 / +65 9657 0339 +44 7385 466 532


    Issued on behalf of Olam Group Limited by:

    WATATAWA Consulting, 3 Harbourfront Place, #12-02/04, Harbourfront Tower 2, Singapore 099254 

    Ong Chor Hao Melissa Sim  
    Director   Associate Director  
    +65 96272674 +65 93802938  

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