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ofi secures inaugural EUR financing facility of EUR 1,100 million
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Monday, 23 March, 2026, 08 : 00 AM [IST]
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Singapore
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Olam Group Limited has announced that its subsidiary, olam food ingredients (ofi), has successfully secured an inaugural dual-tranche Euro-denominated syndicated loan facility totaling EUR 1,100 million.
The landmark financing marks a significant milestone for ofi, a global leader in the food and beverage ingredients sector, as it continues to optimise its capital structure ahead of its planned IPO and demerger from the Olam Group.
The EUR 1,100 million facility is divided into two distinct tranches designed to provide both immediate capital and long-term liquidity:
• A EUR 450 million revolving credit facility: Features a two-year tenor with a one-year extension option.
• A EUR 650 million term loan: Features a three-year tenor.
The proceeds are earmarked for the refinancing of existing debt and general corporate purposes. While initially guaranteed by Olam Group Limited, the guarantee will transition to ofi Group Limited following its official separation and public listing.
Rishi Kalra, Executive Director and Group CFO of ofi, emphasised that the successful syndication reflects the company's strong standing in international credit markets.
"This facility demonstrates our ability to tap into diverse pools of capital to further diversify our borrowing mix," Kalra stated. "It enhances our robust liquidity position and provides financial flexibility to execute our strategy and deliver value to our stakeholders.
The transaction saw participation from 11 international financial institutions. The Mandated Lead Arrangers included BBVA, Crédit Agricole, First Abu Dhabi Bank, ING, KfW IPEX-Bank, Natixis, Rabobank, and UniCredit. Lead Arrangers included Banco Santander, Commonwealth Bank of Australia, and DZ Bank. HSBC served as the Facility Agent for the transaction.
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