Press Release

    Olam Secures US$800 Million Revolving Credit Facility

    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 US$800 million revolving credit facility (the “Facility”) for its US subsidiaries. The Facility consists of a two-year and three-year tranche of US$400 million each.

    Proceeds from the Facility will be used to refinance existing debt, as well as to finance the working capital needs of the Company’s subsidiaries in the US and for general corporate purposes.

    The Company has appointed ABN AMRO Capital USA LLC, Australia and New Zealand Banking Group Limited, Commonwealth Bank of Australia, Commerzbank AG, New York Branch, Credit Suisse AG, Singapore Branch, HSBC Bank USA, National Association, ING Bank N.V., J.P. Morgan Securities LLC, Mizuho Bank, Ltd., Natixis, New York Branch, Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A., “Rabobank Nederland,” New York Branch and Standard Chartered Bank as Joint Lead Managers and Bookrunners for the Facility.

    Olam’s Executive Director of Finance and Business Development, A. Shekhar said: “We are very pleased to complete this Facility which will be used to refinance our existing US$400 million loan and to support our growing businesses in the US. This Facility will help optimise our debt tenor and reduce the overall borrowing cost. We would like to thank our banking partners for their continuing support and commitment for this transaction.”

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    About Olam International Limited

    Olam International is a leading agri-business operating across the value chain in 65 countries, supplying various products across 16 platforms to over 13,800 customers worldwide. From a direct sourcing and processing presence in most major producing countries, Olam has built a global leadership position in many of its businesses. Headquartered in Singapore and listed on the SGX-ST on February 11, 2005, Olam currently ranks among the top 50 largest listed companies in Singapore in terms of market capitalisation and is a component stock in the Straits Times Index (STI), S&P Agribusiness Index and the DAXglobal Agribusiness Index. Olam is the only Singapore firm to be named in the 2009, 2010 and 2012 Forbes Asia Fabulous 50, an annual list of 50 big-cap and most profitable firms in the region. It is also the first and only Singapore company to be named in the 2009 lists for the Global Top Companies for Leaders and the Top Companies for Leaders in the Asia Pacific region by Hewitt Associates, the RBL Group and Fortune.

    More information on Olam can be found at

    Olam is located at 9 Temasek Boulevard #11-02 Suntec Tower Two Singapore 038989,
    Telephone: +65 63394100, Facsimile: +65 63399755.

    Issued on behalf of Olam International Limited by:
    WATATAWA Consulting, 28 Maxwell Road #03-03 Red Dot Traffic Building Singapore 069120

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