, Japan

Olam unit secures samurai loan facility of $324.08m

Olam Treasury aims to refinance existing loans and general corporate purposes.

Olam Treasury, a wholly owned subsidiary of agribusiness Olam International, has secured a medium-term samurai loan facility of $324.08m (JPY25b), according to an announcement.

Olam’s managing director and group CFO N Muthukumar said this is the company’s third facility in the Japanese market since 2017 and are a key part of the company’s financing strategy as they help to diversify funding mix and extend loan tenor.

The facility consists of two tranches guaranteed by Olam—a 3-year tranche of $243.13m (JPY18.75b) and a 5-year tranche of $81.03m (JPY6.25b). Proceeds from the facility will be applied towards refinancing of Olam Treasury’s existing loans and general corporate purposes.

MUFG Bank, Mizuho Bank, Sumitomo Mitsui Banking Corporation (Singapore Branch), and Development Bank of Japan acted as mandated lead arrangers and bookrunners (MLABs) for the facility. Mizuho Bank is also acting as the facility agent. The loan will also be syndicated by the MLABs in the Japanese loan market.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

DBS and OCBC expected to deliver steady Q1 net profits
Their net interest margins will ease as a result of their Hong Kong loans.
Singapore's maritime cluster navigates towards digital, green future
Adapting to emerging challenges, such as the adoption of alternative fuels, is deemed crucial for the country's maritime sector.
SCG and A*STAR unveil joint labs for cellular immunotherapy enhancement
The partnership has a funding of nearly $30m supported under Singapore's Research, Innovation and Enterprise 2025 plan.