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Olam Food Ingredients secures $350 million club loan
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Tuesday, 29 April, 2025, 14 : 00 PM [IST]
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Singapore
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Olam Group Limited announced that its wholly owned subsidiary, Olam Food Ingredients, a global leader in naturally good food and beverage ingredients, has secured a term loan facility aggregating $350 million.
The facility has Olam Treasury Pte Ltd., as a borrower and has a tenor of two years. The facility is initially guaranteed by the group which will transfer to Olam Food Ingredients following the planned IPO and demerger. Proceeds from the facility will be applied towards refinancing of its existing loans and general corporate purposes.
DBS and ICBC participated in the facility as Mandated Lead Arrangers. DBS has been appointed as the facility agent.
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