Olam International prices US$120 million US debt private placement
Olam International Limited (“Olam”) announced today that its wholly-owned subsidiary Olam Americas Inc. (“OAI”) has successfully priced a US$120 million issuance of 5-year fixed rate notes (the “Notes”) via a private placement. The Notes were placed to 9 investors at a fixed coupon of 3.89% 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.
Rabobank acted as the sole placement agent for the transaction.