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Olam refinances with new $1.68 billion multi-tranche revolver
By Sarah Lizee
Olympia, Wash., Sept. 10 – Olam International Ltd. refinanced with a new $1.675 billion multi-tranche revolving credit facility, according to a press release.
Subsidiary Olam Treasury Pte. Ltd. is a co-borrower.
The facility is in three tranches, including a $670 million 364-day revolver, a $670 million two-year revolver and a $335 million three-year revolver.
The senior mandated lead arrangers were BNS Asia Ltd., Commonwealth Bank of Australia, Credit Suisse AG, DBS Bank Ltd., Hongkong and Shanghai Banking Corp. Ltd., JPMorgan Chase Bank NA, Mizuho Bank, Ltd., National Australia Bank Ltd. and Natixis.
Other mandated lead arrangers were Australia and New Zealand Banking Group Ltd., BNP Paribas, Hang Seng Bank Ltd., ING Bank NV, MUFG Bank Ltd., Standard Chartered Bank and Sumitomo Mitsui Banking Corp.
The lead arrangers are Banco Bilbao Vizcaya Argentaria SA, Banco Santander SA, Barclays Bank plc, Citibank NA and First Abu Dhabi Bank PJSC.
Proceeds will be applied towards refinancing of existing loans.
Olam is a food processing company based in Singapore.
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