Olam upsizes flagship debt facility by US$300 million to US$1,975 million; 4 new banks joined facility

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Olam upsizes flagship debt facility by US$300 million to US$1,975 million; 4 new banks joined facility

Press release 6th Oct, 2020

Singapore

Leading global food and agri-business Olam International Limited (“Olam’’) announced that it has upsized its flagship US$1,675 million multi-tranche revolving credit facility that was secured on September 10, 2020 by an additional US$300 million. 

Four new banks joined the facility – Bank of Baroda as a Senior Mandated Lead Arranger, Bank of China and Unicredit Bank AG as Mandated Lead Arrangers and Westpac Banking Corporation as a Lead Arranger, taking the total banking group to 25 banks. 

The upsized facility of US$1,975 million, which has Olam’s wholly owned subsidiary, Olam Treasury Pte. Ltd. (“OTPL”) as a co-borrower, consists of three tranches – a 364-day revolving credit facility of US$790 million, a 2-year revolving credit facility of US$790 million and a 3-year revolving credit facility of US$395 million. 

Proceeds from the facility will be applied towards refinancing of existing loans of Olam and its subsidiaries. 

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About Olam International Limited
For further information, please contact:
Contacts for Olam Investor Relations
  • Aditya Renjen
  • Senior Vice President
  • +65 66031104, 96570339
  • aditya.renjen@olamnet.com
  • Chow Hung Hoeng
  • General Manager
  • +65 63179471, 98346335
  • chow.hunghoeng@olamnet.com
Contacts for WATATAWA
  • Josephine Chew
  • Managing Director
  • +65 90610353
  • jchew@we-watatawa.com
  • Ong Chor Hao
  • Deputy Director
  • +65 96272674
  • chorhaoo@we-watatawa.com

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