Press Release

    Olam International prices US100 million US debt private placement

    Press release

    Olam International Limited (“Olam”) announced today that its wholly-owned subsidiary Olam Americas Inc. (“OAI”) has successfully priced a US$100 million issuance of 5-year fixed rate notes (the “Notes”) via a private placement. The Notes were placed to 4 investors in the US at a spread of 160 basis points over the 5-year US treasury rate, which translates to a fixed coupon of 4.35% for 5 years.

    Proceeds from the issue of the Notes will be used by OAI and its US affiliates for repayment of existing debt and general corporate purposes.

    Wells Fargo Securities LLC acted as the sole placement agent for the transaction.

    ----

    Notes to Editors

    The Notes to be offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, (the “Securities Act”) or any state securities laws and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction where such offering or sale would be unlawful.

    Download

    About Olam International

    Olam International is a leading agri-business operating across the value chain in 65 countries, supplying various products across 16 platforms to over 13,800 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 50 largest listed companies in Singapore in terms of market capitalisation and is a component stock in the S&P Agribusiness Index and the DAXglobal Agribusiness Index. Olam is the only Singapore firm to be named in the 2009, 2010 and 2012 Forbes Asia Fabulous 50, an annual list of 50 big-cap and most profitable firms in the region. It is also the first and only Singapore company to be named in the 2009 lists for the Global Top Companies for Leaders and the Top Companies for Leaders in the Asia Pacific region by Hewitt Associates, the RBL Group and Fortune. 

    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.

    Subscribe to Our News Alerts

    Subscribe to our Olam monthly newsletter.