Olam Agri bags US$2.9b facility for refinancing of existing loans

The facility was based on Poseidon Principles.

Olam Agri --- the food, feed and fibre operating group of Olam Group Limited --- has secured a US$2.9b ($4b) facility based on Poseidon Principles.

Proceeds from the facility will be used to refinance the business’ existing loans and for general corporate purposes.

According to Olam Agri, the facility was participated by 16 lenders including Citigroup, DBS Bank, and JP Morgan Chase Bank.

Meanwhile, Olam Agri’s subsidiaries Olam Global Agri Pte. Ltd. and Olam Global Agri Treasury Pte. Ltd. will be co-borrowers with a tenor of three years in the facility.

1 SGD = 0.72 USD

Follow the link for more news on

Olam International

loan

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia