Olam clinches five-year $377m term loan
For its Australian subsidiaries.
Mainboard-listed agri-business giant Olam International revealed that it has secured a 5-year term loan of $377m (A$350m) for its Australian subsidiaries Olam Orchards Australia and Olam Australia.
Proceeds from the Facility will be applied towards refinancing of existing debt and meeting working capital and general corporate funding requirements of the company.
Olam has appointed Australia and New Zealand Banking Group, Commonwealth Bank of Australia, Singapore Branch, DBS Bank, HSBC Singapore, ING Bank Singapore, National Australia Bank and Westpac Banking Corporation, as mandated lead arrangers for the facility.