Press Release

    ofi secures US$600 million loan facility

    Press release


    olam food ingredients (“ofi”), a global leader in naturally good food & beverage ingredients, announced today that it has secured a 2-year loan facility aggregating US$600 million (the “Facility”). ofi was created in early 2020 following the announcement of the re-organisation within Olam International Limited (now Olam Group Limited “Olam Group”) to unlock and maximize its long-term value. 

    The Facility has Olam Holdings BV as a Borrower and comprises a revolving credit facility (“RCF”) tranche and a Term Loan tranche. The Facility is initially guaranteed by Olam Group Limited which will transfer to ofi Group Limited post the planned IPO and demerger of ofi. Proceeds from the Facility will be applied towards refinancing of ofi’s existing loans and for general corporate purposes.  

    BNP Paribas, DBS, HSBC, Mizuho, MUFG and Standard Chartered Bank participated as Senior Mandated Lead Arrangers of the Facility. HSBC has been appointed as the facility agent. 

    About ofi

    olam food ingredients (“ofi”) is a new operating group born out of Olamofi 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 20,900 customers worldwide. Its value chain spans over 60 countries and includes farming, processing and distribution operations, as well as a global network of farmers. By re-imagining 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 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.

    This announcement does not constitute or form part of an offer for sale or solicitation of an offer to purchase or subscribe for securities in the United States, Canada, Australia, South Africa, Japan or any other jurisdiction and the securities referred to herein have not been registered under the securities laws of any such jurisdiction. The ordinary shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold, directly or indirectly, in the United States, absent registration under or an exemption from, or transaction not subject to, the registration requirements of, the Securities Act. No public offering of securities is being made in the United States or in any other jurisdiction.

    For Further Information:

    Contacts for ofi Investor Relations:

    Aditya Renjen Kirsty Law
    Group Head of Treasury & IR Head of Investor Relations
    +65 6603 1104 / +65 9657 0339 +44 7385 466 532


    For Media Enquiries:

    Finsbury Glover Hering, The Adelphi, 1-11 John Adam St, London WC2N 6HT

    Jenny Davey Chris Ryall Harry Worthington
    Partner Partner Director
    +44 7901 513 610 +44 7342 713748 +44 7818 526 556

    Subscribe to Our News Alerts