Olam launches $1.25bln syndicated term loan facility

Part of the proceeds will be used for the expansion of the company’s supply chain management business.

The facility comprises a $625 million 3-year tranche and a $625 million 5-year tranche.

Other proceeds will be applied towards refinancing of existing debt, as well as for working capital and for general corporate funding requirements of the company.

Olam has appointed Australia and New Zealand Banking Group Limited, Commerzbank AG, Rabobank International, Credit Suisse AG, DBS Bank Ltd., Emirates NBD Bank PJSC, The Hongkong and Shanghai Banking Corporation Limited, ING Bank N.V., J.P. Morgan Chase Bank, N.A., Morgan Stanley Asia (Singapore) Pte, National Australia Bank Limited, Natixis, The Royal Bank of Scotland plc, Standard Chartered Bank and UBS AG, Hong Kong Branch as the mandated lead arrangers and bookrunners.