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Treasury & Capital Markets
Olam Agri secures US$500 million revolving credit facility
Proceeds will be used to refinance existing loans and for general corporate purposes
The Asset 25 Jun 2024

Olam Agri, the food, feed and fibre operating business of Singapore-based Olam Group, has secured a US$550 million revolving credit facility.

Its subsidiaries Olam Global Agri and Olam Global Agri Treasury act as borrowers of the facility with a tenor of three years. Olam Group has initially guaranteed the credit, but it will be transferred to Olam Agri upon its demerger.

Proceeds will be applied towards refinancing of Olam Agri’s existing loans and for general corporate purposes.

Deutsche Bank, JPMorgan Chase Bank, Coöperatieve Rabobank, Banco Santander, and Crédit Agricole Corporate and Investment Bank are the senior mandated lead arrangers for the Facility. HSBC is the facility agent.

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