Press Release

    Olam completes US$1.4 billion debt refinancing

    Press release

    Leading global agri-business, Olam International Limited (“Olam’’) and its wholly owned subsidiary, Olam Treasury Pte. Ltd. (“OTPL”), have secured a multi-tranche revolving credit facility aggregating US$1,425.0 million (the “Facility”).  

    The Facility consists of three tranches – a 364-day revolving credit facility of US$570.0 million, a 2-year revolving credit facility of US$427.5 million and a 3-year revolving credit facility of US$427.5 million. 

    Proceeds from the Facility will be applied towards refinancing of existing loans of Olam and its subsidiaries. 

    The lender group included 9 Senior Mandated Lead Arrangers - ABN Amro Bank N.V., Australia And New Zealand Banking Group Limited, First Abu Dhabi Bank P.J.S.C., The Hongkong And Shanghai Banking Corporation Limited, National Australia Bank Limited, Natixis, Standard Chartered Bank, Unicredit Bank Ag and Sumitomo Mitsui Banking Corporation & 8 Mandated Lead Arrangers - Bank Of Baroda, BNP Paribas, Commonwealth Bank Of Australia, DBS Bank Ltd., JP Morgan Chase Bank N.A., Mizuho Bank, Ltd., MUFG Bank Ltd  and Westpac Banking Corporation. 

    Jayant Parande, President & Global Head of Treasury & Investor Relations of Olam said: “This refinancing was an integral part of our ongoing efforts to proactively manage our capital structure. I would like to thank all the participating banks for their strong support in making this transaction a success.” 

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    About Olam International

    Olam International is a leading agri-business operating across the value chain in 66 countries, supplying various products across 18 platforms to 22,000 customers worldwide. From a direct sourcing and processing presence in most major producing countries, Olam has built a global leadership position in many of its businesses. Headquartered in Singapore and listed on the SGX-ST on February 11, 2005, Olam currently ranks among the top 30 largest primary listed companies in Singapore in terms of market capitalisation. In 2016, Fortune magazine recognised Olam at #23 in its ʻChange the Worldʼ list.

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

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

    Issued on behalf of Olam International Limited by:

    WATATAWA Consulting, 77 Robinson Road, Robinson 77 #33-00, Singapore 068896

    For further information, please contact:

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