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      Olam Agri secures a US$615 million financing

      Press release 14th Mar, 2023

      Singapore

      Olam Agri, the food, feed and fibre operating group of Olam Group Limited (“Olam Group”), announced that it has secured a US$615 million financing facility (“the Facility”).

      The Facility has Olam Agri subsidiaries Olam Global Agri Pte. Ltd. and Olam Global Agri Treasury Pte. Ltd. as co-borrowers with a tenor of three years. The Facility is initially guaranteed by Olam Group which will transfer to Olam Agri post the planned IPO and demerger of Olam Agri. Proceeds from the Facility will be applied towards refinancing of Olam Agri’s existing loans and general corporate purposes.

      Mizuho Bank, Ltd is the Senior Mandated Lead Arranger for the Facility. Australia and New Zealand Banking Group Limited, DBS Bank Ltd and MUFG Bank Ltd are Mandated Lead Arrangers while BNP Paribas, Scotiabank (BNS Asia Ltd.), ING Bank, Emirates NBD Bank (P.J.S.C.) and National Australia Bank Limited are Lead Arrangers. The Hongkong and Shanghai Banking Corporation Limited is the Facility Agent.  


      These materials are not for publication or distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia). These materials are not an offer of securities for sale into the United States, the United Kingdom, European Economic Area, Canada, Australia or Japan. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act), except pursuant to a registration statement or an applicable exemption from registration under the U.S. Securities Act. No public offering of securities is being made in the United States.

      Back to All News

      About Olam Agri 

      Olam Agri is a market leading, differentiated food, feed and fibre agri-business with a global origination footprint, processing capabilities and deep understanding of market needs built over 33 years. With a strong presence in high-growth emerging markets and products across grains & oilseeds, integrated feed & protein, rice, edible oils, specialty grains & seeds, cotton, wood products, rubber and commodity financial services, Olam Agri is at the heart of global food and agri-trade flows with about 40 million MT in volume traded annually. Focused on transforming food, feed and fibre for a more sustainable future, it aims at creating value for customers, enable farming communities to prosper sustainably and strive for a food-secure future. Olam Agri is a fully owned subsidiary of Olam Group.

      For more information and to subscribe to our news alerts, please visit https://www.olamagri.com/. 


      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.

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

      Media contact:
      • Johahn Bhurrut
      • +65 9298 2284
      • johahn.bhurrut@olamagri.com

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      Olam Group publishes 2023 Annual Report: “Strengthening Connections for a Sustainable Future”

      Singapore Olam Group Limited (“Olam Group”) today published its 2023 Annual Report, which highlights the Group’s financial and non-financial achievements across three comprehensive components: Strategic Report, Governance Report and Financial Report. The Annual Report details key updates and highlights for the Group in 2023, including: Long-term growth and value creation for shareholders: Double-digit EBIT growth at both ofi and Olam Agri, reinforces the sharper focus and core business transformation that underpins the Re-organisation plan Launched a share buyback programme within the current mandate and renewal of this mandate at the upcoming Annual General Meeting on April 25, 2024. Sustainability focus: Each of Group’s operating groups are advancing their approach to sustainability in line with their business strategies, focused on key areas where they can make a positive
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      Olam Agri and Nutrifoods Support Akosombo Flood Victims

      Olam Agri, the country’s leading supply chain manager in agri-commodity, and its sister company, Nutrifoods, a top food manufacturer in Ghana, on Friday, presented a consignment of relief items to flood victims of the Akosombo Dam spillage.  In mid-October, the Volta River Authority (VRA) began spilling water from the Akosombo reservoir to protect the dam from overtopping. The influx of large volumes of water has raised levels, causing excessive flooding in several low-lying areas along the Volta River, including, but not limited to, Mepe, Battor, Sogakope, Mafi, Adidome, and Ada.
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      20th Mar, 2023

      Building a Business that Conserves Forests, One Step At a Time

      “I have worked in the Congo basin for years, but nothing could have prepared me for the moment when I was just steps away from Buka, who belongs to one of the four groups of habituated silverback gorillas living in the vicinity of our forest concessions in the Congo Basin,” says Vincent Istace, Head of Corporate Responsibility & Sustainability at Congolaise Industrielle des Bois (CIB), an Olam Agri subsidiary. Personal pictures of Paki Paki taken by Vincent Istace in 2021. © Vincent Istace “This landscape is ideal for wildlife viewing compared to other natural forests in the area. The forest is more open, making it easier to see and spot gorillas and other wildlife. This feature has made sites such as Mondika one of the world’s most interesting spots for the study of great apes. It may surprise some to hear that critical gorilla and chimpanzee habitats around the buffer zones of Nouabale-Ndoki National Park, are also where sustainable timber harvesting is practiced.” Forest
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