A Press release statement issued by Olam International in Singapore on Monday, 5th of July, 2021 has said that the leading Global Food And Agri-Business, Olam International Limited (“Olam’’) announced today, (5th July) that its wholly owned subsidiary, Olam Holdings B.V. (“OHBV”), has successfully completed the annual refinancing of its European revolving credit facility (the “Facility”) aggregating US$375 million.
The press release said, the “Facility has a 364-day tenor and is guaranteed by Olam”.
The press release concluded that the lenders of the Facility are as follows; Unicredit Bank AG, KfW IPEX-Bank GmbH, Erste Group Bank AG, Raiffeisen Bank International AG, Sumitomo Mitsui Banking Corporation (Singapore Branch) and AKA Ausfuhrkredit-Gesellschaft GmbH. KfW IPEX-Bank is the Facility Agent.
About Olam International Limited
Olam International is a leading food and agri-business supplying food, ingredients, feed and fibre to 17,300 customers worldwide. Our value chain spans over 60 countries and includes farming, processing and distribution operations, as well as a sourcing network of an estimated 5 million farmers.
Through our purpose to ‘Re-imagine Global Agriculture and Food Systems’, Olam aims to address the many challenges involved in meeting the needs of a growing global population, while achieving positive impact for farming communities, our planet and all our stakeholders.
Headquartered and listed in Singapore, Olam currently ranks among the top 30 largest primary listed companies in terms of market capitalisation on SGX-ST.
Since June 2020, Olam International has been included in the FTSE4Good Index Series, a global sustainable investment index series developed by FTSE Russell, following a rigorous assessment of Olam’s supply chain activities, impact on the environment and governance transparency. The FTSE4Good Index Series identifies companies that demonstrate strong Environmental, Social and Governance (ESG) practices and is used by a variety of market participants to create and assess responsible investment funds.
More information on Olam can be found at www.olamgroup.com.
Olam is located at 7 Straits View, Marina One East Tower #20-01, Singapore 018936.
Telephone: +65 63394100, Facsimile: +65 63399755.
Issued on behalf of Olam International Limited by:
WATATAWA Consulting, 77 Robinson Road, Robinson 77 #33-00, Singapore 068896.
Credit: Olam International Ltd News Room.