Olam Group Limited (“Olam Group”) announced today that its wholly owned subsidiary, Olam Holdings Pte Ltd, has secured a US$1.5 billion loan facility
(the “Facility”).
The Facility has Olam Holdings Pte Ltd as borrower with a tenor of 1.5 years. The Facility is guaranteed by Olam Group. Proceeds from the Facility will be applied towards refinancing existing debt of Olam Group.
Citibank, Emirates NBD Bank, and HSBC are the Senior Mandated Lead Arrangers for the Facility. HSBC is the Facility Agent.
About Olam Group
Olam Group is a leading food and agri-business supplying food, ingredients, feed and fibre to 22,000 customers worldwide. Our value chain spans over 60 countries and includes farming, processing and distribution operations, as well as a global network of farmers.
Through our purpose to ‘Re-imagine Global Agriculture and Food Systems’, Olam Group aims to address the many challenges involved in meeting the needs of a growing global population, while achieving positive impact for farming communities, our planet and all our stakeholders.
Headquartered and listed in Singapore, Olam Group currently ranks among the top 30 largest primary listed companies in terms of market capitalisation on SGX-ST.
Since June 2020, Olam Group has been included in the FTSE4Good Index Series, a global sustainable investment index series developed by FTSE Russell, following a rigorous assessment of Olam’s supply chain activities, impact on the environment and governance transparency.
More information on Olam can be found at www.olamgroup.com. Follow @olam: