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ofi secures JPY 46.5 billion medium-term samurai loan facility
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Saturday, 21 September, 2024, 08 : 00 AM [IST]
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Singapore
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Olam Group Limited announced that its wholly owned subsidiary, olam food ingredients, a global leader in naturally good food and beverage ingredients, has secured a medium-term samurai loan facility aggregating JPY 46.5 billion (approximately $330 million).
The facility has Olam Treasury Pte Ltd., as a borrower and comprises a three-year tranche of JPY 46.5 billion. The facility is initially guaranteed by Olam Group Limited which will transfer to ofi Group Limited following the planned IPO and demerger. Proceeds from the facility will be applied towards refinancing of its existing loans and general corporate purposes.
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