Olam completes US$1.4 billion debt refinancing

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Olam completes US$1.4 billion debt refinancing

Press release 28th Sep, 2018

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.” 

About Olam International
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:
Contacts For Olam Investor Relations
  • Aditya Renjen
  • Senior Vice President
  • +65 66031104, 96570339
  • aditya.renjen@olamnet.com
  • Chow Hung Hoeng
  • General Manager
  • +65 63179471, 98346335
  • chow.hunghoeng@olamnet.com
Contacts For WATATAWA Consulting
  • Simon Pangrazio
  • Managing Partner
  • +65 90603513
  • spangrazio@we-watatawa.com
  • Josephine Chew
  • Josephine Chew
  • +65 90610353
  • jchew@we-watatawa.com

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