loan

The loan will be used for business diversification and general corporate and working capital purposes.

The facility consists of a three-year tranche.   Olam Group Limited's unit, olam food ingredients (ofi), obtained a JPY46.5b ($425.6m) medium-term samurai loan facility.

The unit will also use loan proceeds to repay an existing loan.

KIT will pay all outstanding loans under the facility should two events occur.

The loan will mature in March 2025.

The company will use the loan to fund certain acquisitions.

Olam food ingredients (ofi) seeks to deliver sustainable food and beverage ingredients.

The facility was based on Poseidon Principles.

The loan will be used to pay for some of the firm’s existing debts.

It comprises a 4-year tranche of $75m and a 5-year tranche of $75m.

The loan is linked to the group's sustainable initiatives.

The loan is a result of an arrangement with DBS Trustee Limited.

The fund consists of a three-year term loan and two 18-month term loans.

The bank is now allowing small- and medium-sized enterprises to avail the loan digitally.

Loan tenures will be extended between 3-5 years.