Breaking News on Food & Beverage Development and Technology - Asia PacificEU edition | US edition

Headlines > Business

Read more breaking news


News in brief

Olam completes US$400m debt refinancing

Post a commentBy RJ Whitehead , 08-Aug-2017

Olam completes US$400m debt refinancing

Singapore-based Olam International, the multinational agri-commodity trader, has secured a revolving credit facility worth US$400m.

The Temasek-owned company said it will use proceeds from the facility to refinance its existing syndicated/ bilateral bank loans, along with those of subsidiaries. 

The facility consists of three tranches: one worth US$160m over 364 days; another worth US$120m over two years; and a third for US$120m over three. 

We are pleased to have secured this refinancing, which extends our debt maturity profile at a competitive cost,” said Jayant Parande, Olam’s president of treasury and investor relations. 

Post a comment

Comment title *
Your comment *
Your name *
Your email *

We will not publish your email on the site

I agree to Terms and Conditions

These comments have not been moderated. You are encouraged to participate with comments that are relevant to our news stories. You should not post comments that are abusive, threatening, defamatory, misleading or invasive of privacy. For the full terms and conditions for commenting see clause 7 of our Terms and Conditions ‘Participating in Online Communities’. These terms may be updated from time to time, so please read them before posting a comment. Any comment that violates these terms may be removed in its entirety as we do not edit comments. If you wish to complain about a comment please use the "REPORT ABUSE" button or contact the editors.

Key Industry Events