, Singapore

Wilmar syndicated term loan facility upsized to $2.065bn

This is up from $1.5bn.

Wilmar International Limited (Wilmar) announced that the final documentation for its new syndicated term loan facility has been signed. The facility granted to Wii Pte. Ltd., a wholly-owned subsidiary of Wilmar, comprises 2

tranches with tenors of 3 and 5 years and is guaranteed by Wilmar.

The facility will be used to finance general corporate and working capital requirements of Wilmar and its subsidiaries, including refinancing of existing debt. The facility has been upsized from US$1,500 Million to
US$2,065 Million owing to strong support from the lenders.

The facility is entered into with The Bank of Tokyo-Mitsubishi UFJ, Ltd., Singapore Branch, CIMB Bank Berhad, Singapore Branch, Commonwealth Bank of Australia, Singapore Branch, DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited and United Overseas Bank Limited (each a “Mandated Lead Arranger and a Bookrunner” or “MLAB”, and collectively, the “MLABs”) and Sumitomo Mitsui Banking Corporation, Singapore Branch, Bank of China Limited, National Australia Bank Limited (each a “Mandated Lead Arranger” or “MLA”, and collectively, the “MLAs”) and 21 other lenders.  

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