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Olam Agri secures US$2.9 bil loan based on responsible ship finance principles

Felicia Tan
Felicia Tan8/24/2022 09:01 AM GMT+08  • 2 min read
Olam Agri secures US$2.9 bil loan based on responsible ship finance principles
Proceeds from the facility will go towards the refinancing of Olam Agri’s existing loans and for general corporate purposes.
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Olam Agri, the food, feed and fibre operating arm of SGX-listed Olam Group has secured a US$2.9 billion ($4.05 billion) facility based on Poseidon Principles.

The Poseidon Principles are a global framework that incorporates green considerations for responsible ship finance.

The facility has Olam Agri subsidiaries Olam Global Agri Pte. Ltd. and Olam Global Agri Treasury Pte. Ltd. as co-borrowers with a tenor of three years and guaranteed by the Olam Group.

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