Olam secures US$375 million European revolving credit facility
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.