Olam gets $1.25 billion facility with three- and five-year tranches

By Marisa Wong

Madison, Wis., May 27 - Olam International Ltd. announced the launch of a $1.25 billion syndicated term loan facility.

The facility consists of a $625 million three-year tranche and a $625 million five-year tranche.

Australia and New Zealand Banking Group Ltd., Commerzbank AG, Coooperatieve Centrale Raiffeisen-Boerenleenbank BA, Credit Suisse AG, DBS Bank Ltd., Emirates NBD Bank PJSC, Hongkong and Shanghai Banking Corp. Ltd., ING Bank NV, JPMorgan Chase Bank, NA, Morgan Stanley Asia (Singapore) Pte., National Australia Bank Ltd., Natixis, Royal Bank of Scotland plc, Standard Chartered Bank and UBS AG, Hong Kong Branch are the lead arrangers and bookrunners for the facility.

Proceeds will be used to refinance existing debt, for working capital and for general corporate funding requirements.

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

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