Press Release

    ofi secures US$1,050 million multi-tranche loan facility

    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 a multi-tranche revolving credit facility and term loan aggregating US$1,050 million (the “Facility”).

    The Facility has Olam Treasury Pte Ltd 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 and three-year revolving credit facility and a three-year term loan.

    A total of 10 banks participated in the Facility as Mandated Lead Arrangers:

    1. Australia And New Zealand Banking Group Limited

    2. Banco Bilbao Vizcaya Argentaria S.A

    3. Cooperatieve Rabobank UA

    4. DBS Bank Ltd

    5. JP Morgan Chase Bank N.A

    6. Mizuho Bank Ltd

    7. MUFG Bank Ltd

    8. National Australia Bank Limited

    9. The Bank of Nova Scotia

    10. The Hongkong and Shanghai Banking Corporation

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

    About Olam Group

    Olam Group Limited is a leading food and agri-business operating across the value chain in more than 50 countries, supplying high-quality food and beverage ingredients and solutions, as well as agri-food and industrial products to 11,000+ customers worldwide.

    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 is a component stock of the iEdge Singapore Next 50 index and a Singapore constituent of market indices including the FTSE Global All World Ex US Index, FTSE Developed All Cap Ex US Index, MSCI World ESG Screened Index, MSCI EAFE Small Cap Index and MSCI EAFE Investable Market Index (IMI). It is also part of 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.

    More information on Olam Group can be found at www.olamgroup.com. Follow @olam: 

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

    Issued on behalf of Olam Group Limited by:

    We. Corporate Advisors, 3 Harbourfront Place, #12-02/04, Harbourfront Tower 2, Singapore 099254

    For further information, please contact:

    Contacts for Olam Investor Relations
    Contacts for We. Corporate Advisors

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