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Olam International Secures Loan Facility of US$1 Billion
Daily Bulletin | 28 October 2015
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Olam International has announced securing a revolving credit and term loan facility aggregating US$1 billion.

The facility consists of two tranches, a US$850 million 364-day revolving credit facility and a US$150 million 5-year load. Proceeds from the facility will be applied towards refinancing of existing debt and meeting working capital and general corporate funding requirements of the group.

The group stated that this refinancing is part of the group’s proactive capital management strategy of diversifying the debt portfolio and achieving an optimum mix of tenor and overall borrowing cost.

Olam Int'l  2.200 -- --   
Business: Co is engaged in sourcing, processing, packaging and merchandising agricultural products. [FY16 Turnover] Confectionery & beverage ingredients (37.5%), food staples & packaged foods (29.7%), edible nuts, spices & vegetable ingredients (19.3%), industrial raw materials, ag logistics & infrastructure (13.5%).

Insight: Aug-17, 1H17 revenue rose 26.5% mainly on higher s... Read More


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