Olam completes US$400m debt refinancing

By RJ Whitehead

- Last updated on GMT

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. 

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