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Olam Agri secures $1.03 bil medium term loan facility

Felicia Tan
Felicia Tan6/29/2022 12:45 PM GMT+08  • 1 min read
Olam Agri secures $1.03 bil medium term loan facility
Proceeds from the facility will be applied towards the refinancing of Olam Agri’s existing loans for general corporate purposes.
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Olam Agri, the food, feed and fibre operating group of Olam Group, has secured a financing facility of AED 2.74 billion ($1.03 billion) from banks in the United Arab Emirates (UAE).

The facility, which is guaranteed by the Olam Group, will see Olam Agri’s subsidiaries, Olam Global Agri and Olam Global Agri Treasury being co-borrowers with a tenor of two and a half years.

Proceeds from the facility will be applied towards the refinancing of Olam Agri’s existing loans for general corporate purposes.

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