Singapore's Wilmar International enters into $1.5 billion of revolvers

By Marisa Wong

Madison, Wis., April 12 - Wilmar International Ltd. announced that wholly owned subsidiary Wii Pte. Ltd. has entered into $1.5 billion of syndicated revolving credit facilities.

The facilities comprise three tranches with tenors of one, two and three years.

BNP Paribas, Citigroup Global Markets Singapore Pte. Ltd., DBS Bank Ltd., Hongkong and Shanghai Banking Corp. Ltd., Oversea-Chinese Banking Corp. Ltd. and Sumitomo Mitsui Banking Corp. are the lead arrangers and bookrunners.

The facilities, which are guaranteed by Wilmar, will be used to finance general corporate and working capital requirements.

Based in Singapore, Wilmar is an agribusiness company with activities in oil palm cultivation; oilseeds crushing; edible oils refining; sugar, specialty fats, oleochemicals and biodiesel manufacturing; and grains processing.

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