Press Release

    Olam International announces a US$650 million revolving credit facility

    Press release

    Olam International Limited (“Olam’’), a leading agri-business operating across the value chain in 70 countries announced today that it has secured a revolving credit facility (the “Facility”) aggregating US$650 million.

    The Facility consists of two tranches of US$325 million each, a 364-day revolving credit facility and a 2-year revolving credit facility.

    Proceeds from the Facility will be applied towards refinancing of existing debt and meeting working capital and general corporate funding requirements of the Company.

    The Company has appointed Australia and New Zealand Banking Group Limited, Banco Bilbao Vizcaya Argentaria S.A., Singapore Branch, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Singapore Branch, BNP Paribas (acting through its Singapore branch), Commerzbank AG, Singapore Branch, Credit Suisse AG, Singapore Branch, DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, JPMorgan Chase Bank, N.A., Singapore Branch, Mizuho Bank, Ltd., Singapore Branch, National Australia Bank Limited, Natixis, Singapore Branch and Standard Chartered Bank as mandated lead arrangers for the Facility.

    Olam’s Group CFO, N. Muthukumar said: “We are pleased to announce the successful completion of this refinancing, which is a part of our ongoing efforts to optimise the overall tenor and cost of our debt portfolio. We would like to thank our banking partners for their strong support and continuing commitment for this transaction.”



    • Document

    Subscribe to Our News Alerts