201 views
Photo from Olam Agri.

Olam Agri bags $2.7b bridge financing

It will fund Olam Group’s reorganisation plan.

Olam Agri, the food, feed and fibre operating unit of Olam Group has secured around $2.7b (US$2b) bridge financing facility that will be used for the Group’s reorganisation plan.

In a statement, Olam Agri said the 18-month bridge loan facility may also be used for general corporate purposes.

The senior mandated lead arrangers for the facility were DBS Bank, Citibank, MUFG Bank, and The Hongkong and Shanghai Banking Corporation Limited, whilst HSBC served as the facility agent.

READ MORE: Olam unit receives US$1.98b sustainability-linked loan

“This transaction gives Olam Agri significant financial flexibility while Olam Group continues on its Reorganisation pathway. We thank our banking partners for their strong commitment and support,” said N Muthukumar, Olam Group CFO and Olam Agri CEO of Operations.

Olam Global Agri is the borrower for the facility, which is guaranteed by the Olam Group. The terms of the facility include provisions on the ongoing re-organisation plan.

$1 = US$0.74

Follow the link for more news on

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!