Press Release

    Olam secures US$375 million European revolving credit facility

    Press release

    Singapore

    Olam International Limited (“Olam’’ or “the Company”), a global food and agri-business operating across the value chain in over 60 countries, announced today that its wholly owned subsidiary, Olam Holdings B.V. (“OHBV”), has secured a revolving credit facility (the “Facility”) aggregating US$375 million. The Facility has a 364-day tenor with an option to extend for a further 364 days and is guaranteed by the Company.

    Proceeds from the Facility will be applied towards refinancing of OHBV’s syndicated loan and bilateral bank loans of the Company and its subsidiaries. 

    KfW IPEX-Bank GmbH, Erste Group Bank AG, London Branch, Intesa Sanpaolo Bank Luxembourg S.A., Amsterdam Branch, ABC International Bank plc, Frankfurt Branch, DZ BANK AG, Deutsche Zentral-Genossenschaftsbank, Singapore Branch, Bank of Baroda, Singapore Branch, Sumitomo Mitsui Banking Corporation Singapore Branch, Wells Fargo Bank, National Association, UniCredit Bank AG, Singapore Branch, Habib Bank AG Zurich & AKA Ausfuhrkredit-Gesellschaft GmbH were the lenders for the Facility. KfW IPEX-Bank is the Facility Agent.

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    About Olam International Limited

    Olam International is a leading food and agri-business supplying food, ingredients, feed and fibre to over 19,800 customers worldwide. Our value chain spans over 60 countries and includes farming, processing and distribution operations, as well as a sourcing network of an estimated 4.8 million farmers. 

    Through our purpose to ‘Re-imagine Global Agriculture and Food Systems’, Olam aims to address the many challenges involved in meeting the needs of a growing global population, while achieving positive impact for farming communities, our planet and all our stakeholders.  

    Headquartered and listed in Singapore, Olam currently ranks among the top 30 largest primary listed companies in terms of market capitalisation on SGX-ST. 

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

    Olam is located at 7 Straits View, Marina One East Tower, #20-01 Singapore 018936. 

    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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