Press Release

    Olam secures 5-year A$350 million term loan

    Press release

    Olam International Limited (“Olam’’ or “the Company”), a leading agri-business operating across the value chain in 65 countries, announced today that it has secured a 5-year term loan of A$350 million (the “Facility”) for its Australian subsidiaries Olam Orchards Australia Pty Ltd and Olam Australia Pty Ltd.

    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, Commonwealth Bank of Australia, Singapore Branch, DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, ING Bank N.V., Singapore Branch, National Australia Bank Limited and Westpac Banking Corporation, as mandated lead arrangers (“MLAs”) for the Facility.

    Olam’s Executive Director of Finance and Business Development, A.Shekhar said: “We are pleased to announce the signing of this facility and would like to thank our banking partners for their continued support. This transaction is a part of our ongoing efforts to diversify our debt portfolio across tenors and currency.”



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