, Singapore

Olam clinches US$650m revolving credit facility

It will be used to refinance existing debt.

Agribusiness player Olam International has secured a revolving credit facility worth US$650 million.

The credit facility is made up of two tranches of US$325 million each, a 364-day revolving credit facility and a 2-year revolving credit facility.

Olam said that it will use these funds to refinance existing debt and meet working capital and general corporate funding requirements.
 

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