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Olam secures three committed loan facilities totalling $7 bil

Felicia Tan
Felicia Tan8/31/2021 07:25 PM GMT+08  • 2 min read
Olam secures three committed loan facilities totalling $7 bil
The landmark transaction gives the group significant flexibility to allocate financing across its three new operating groups.
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Olam International, a leading global food and agri-business group, says it has secured three committed loan facilities totalling US$5.2 billion ($7.00 billion) on Aug 31.

The three facilities comprise a US$1.2 billion three-year term loan and two 18-month bridge loan facilities of US$2.0 billion each.

The term loan facility will be used for general corporate purposes of the group while the bridge loan facilities will go towards facilitating Olam’s reorganisation plan.

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