US$ 1.25 BILLION SYNDICATED TRANSFERABLE TERM LOAN FACILITY
Olam International Limited (“Olam” or “the Company”) a leading global, integrated supply chain manager and processor of agricultural products and food ingredients, is pleased to announce the launch of its fully underwritten US$ 1.25 billion Syndicated Term Loan Facility (the “Facility”). The Facility comprises a US$ 625 million 3-year tranche and a US$625 million 5-year tranche.
Proceeds from the Facility will be applied towards refinancing of existing debt, as well as for working capital and for general corporate funding requirements of the Company, including capital expenditure and expansion of its supply chain management business.
The Company has appointed
Australia and New Zealand Banking Group Limited,
Commerzbank AG,
Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (trading as “Rabobank International”),
Credit Suisse AG,
DBS Bank Ltd.,
Emirates NBD Bank PJSC,
The Hongkong and Shanghai Banking Corporation Limited,
ING Bank N.V.,
J.P. Morgan Chase Bank, N.A.,
Morgan Stanley Asia (Singapore) Pte,
National Australia Bank Limited, Natixis,
The Royal Bank of Scotland plc,
Standard Chartered Bank and
UBS AG, Hong Kong Branch
as the Mandated Lead Arrangers and Bookrunners for the Facility (“MLABs”). The Facility is fully underwritten by the MLABs.
