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Olam Food Ingredients secures flagship $1,800 mn multi-tranche loan facility
Friday, 28 June, 2024, 08 : 00 AM [IST]
Singapore
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 multi-tranche revolving credit facility and term loan aggregating $1,800 million.

The facility has Olam Treasury Pte. Ltd., as a Borrower. The Facility is initially guaranteed by Olam Group Limited which will transfer to ofi Group Limited following the planned IPO and demerger of ofi. Proceeds from the Facility will be applied towards refinancing of ofi’s existing loans and general corporate purposes. The Facility comprises a two-year and three-year Revolving Credit Facility and a three-year term loan. A total of 17 banks participated in the Facility across three tiers:

Senior Mandated Lead Arrangers
1. Citibank
2. DBS Bank Ltd
3. JPMorgan Chase Bank N.A
4. MUFG Bank Ltd
5. Natixis
6. The Hong Kong and Shanghai Banking Corporation

Mandated Lead Arrangers
7. Australia And New Zealand Banking Group Limited
8. Banco Bilbao Vizcaya Argentaria S.A
9. Banco Santander SA
10. BNP Paribas
11. ING Bank N.V
12. Societe Generale
13. Standard Chartered Bank (Singapore) Limited
 
Lead Arrangers
14. Erste Group Bank AG
15. Mizuho Bank Ltd
16. National Australia Bank Limited
17. The Bank of Nova Scotia

HSBC has been appointed as the Facility Agent.
 
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