Press release
30th May, 2025
Olam Agri secures US$1,850 million, conventional and Islamic, dual tranche financing facility
Singapore
Olam Group Limited (“Olam Group”) announced today that its food, feed and fibre operating group, Olam Agri, has secured a 3-year US$1,850 million financing facility (“the Facility”). The dual tranche facility has a US$1,600 million conventional and a US$250 million Islamic tranche.
The Facility has Olam Agri subsidiaries, namely, Olam Global Agri Pte. Ltd. and Olam Global Agri Treasury Pte. Ltd. as borrowers of the conventional tranche and as purchasers for the Islamic tranche.
The Facility is initially guaranteed by Olam Group which will be assumed by Olam Agri upon demerger of Olam Agri. Proceeds from the Facility will be applied towards general corporate purposes.
For the conventional tranche, the Senior Mandated Lead Arrangers are Australia and New Zealand Banking Group Limited, Banco Bilbao Vizcaya Argentaria, BNP Paribas, ING Bank, Intesa Sanpaolo Bank, and Natixis. First Abu Dhabi Bank is Mandated Lead Arranger.
For the Islamic
Press release
28th Apr, 2025
ofi secures US$350 million club loan
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 term loan facility aggregating US$350 million (the “Facility”).
The Facility has Olam Treasury Pte Ltd as a Borrower and has a tenor of 2 years. The Facility is initially guaranteed by Olam Group Limited which will 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.
DBS and ICBC participated in the Facility as Mandated Lead Arrangers. DBS has been appointed as the Facility agent.
Press release
14th Apr, 2025
Update on Olam Group’s Re-organisation plan
In January 2020, Olam Group Limited (“OGL”, together with its subsidiaries “Olam Group” or “the Group”) had announced the Re-organisation of its diverse business portfolio into three distinct operating groups – ofi (Olam Food Ingredients), Olam Agri and the Remaining Olam Group – to maximise and unlock Olam Group’s underlying shareholder value via potential carve-outs, capital raising options and asset divestments. The separation and carve-outs of the three operating entities was completed in January 2022.
Following the recent announcement of the proposed sale of the remaining 64.57% stake in Olam Agri to Saudi Agricultural & Livestock Investment Company (“SALIC”) on February 24, 2025, Olam Group today announces details on the next steps in its Re-organisation plan (“Updated Re-organisation Plan”), to achieve three key objectives:
Right-size the Remaining Olam Group’s capital structure by allocating approximately US$2 billion to de-lever its balance sheet and make i
