Olam Agri secures US$615m financing facility

It will use the proceeds of the facility to refinance its existing loans.

Olam Agri has obtained a US US$615 million financing facility.

Its subsidiaries, Olam Global Agri Pte. Ltd. and Olam Global Agri Treasury Pte. Ltd, are co-borrowers with a tenor of three years.

Olam Agri will use proceeds from the facility to refinance its existing loans and for general corporate purposes.

“The facility is initially guaranteed by Olam Group, which will transfer to Olam Agri post the planned IPO and demerger of Olam Agri,” the company announced.

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