Olam International subsidiary gets $350 million three-year term loan

By Angela McDaniels

Tacoma, Wash., Aug. 26 - Olam International Ltd. announced that its U.S. subsidiary, Olam Holdings Partnership, received a $350 million three-year term loan.

The term loan was upsized from $300 million.

ABN Amro Bank, NV, Credit Suisse AG, Singapore Branch, HSBC Bank USA, NA, JPMorgan Chase Bank, Natixis Bank and Standard Chartered Bank were the lead banks on the deal.

Olam International will guarantee the term loan. The company said this is its first syndicated loan in the United States.

Proceeds will be used for working capital and general corporate purposes.

Olam is a Singapore-based supply chain manager and processor of agricultural products and food ingredients.

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