Olam Group subsidiary ofi bags $1.8b revolving credit facility

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pstrongProceeds from the facility will be used to refinance existing loans./strong/p pOlam Group unit, Olam Food Ingredients (ofi) has secured a $1.8b multi-tranche revolving a href="https://sbr.com.sg/energy-offshore/news/keppel-infrastructure-trust-unit-secures-6125m-loan-sustainability-goals"credit facility/a and term loan.

The facility comprises a two-year and three-year revolving credit facility and a three-year term loan.

The facility is initially guaranteed by Olam Group Limited but will be transferred to ofi Group Limited following the planned IPO and demerger of ofi. A total of 17 banks participated in the facility across three tiers with Citibank, DBS, JPMorgan Chase Bank N.A, MUFG Bank, Natixis, and HSBC as the senior mandated lead arrangers.

Proceeds from the facility will be applied towards refinancing of ofi’s existing loans and general corporate purposes....there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

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Source: Energy Industry News (energyindustrynews.net)

 

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