Olam Agri secures US$2,000 million bridge financing
Singapore
Olam Agri, the food, feed and fibre operating group of Olam Group Limited (“Olam Group”), announced today that it has secured a US$2,000 million bridge financing facility (“the Facility”).
The 18-month bridge loan facility will be used to support Olam Group’s Re-organisation Plan and may be used for general corporate purposes.
This transaction gives Olam Agri significant financial flexibility while Olam Group continues on its Reorganisation pathway. We thank our banking partners for their strong commitment and support.
N Muthukumar -
Group CFO of Olam Group and CEO of Operations at Olam Agri
The bridge financing has Olam Global Agri Treasury Pte. Ltd. as Borrower. The facility is guaranteed by Olam Group Limited. The terms of the Facility include provisions that facilitate the ongoing Re-organisation Plan.
DBS Bank, Citibank, MUFG Bank Ltd. and The Hongkong And Shanghai Banking Corporation Limited (“HSBC”) participated as Senior Mandated Lead Arrangers for the facilities. HSBC is the Facility Agent.
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