The facility is initially guaranteed by Olam Group (SGX:VC2
) , to be transferred to Olam Agri upon demerger.
Olam’s food, feed and fibre operating group Olam Agri has secured a US$550 million ($743.81 million) revolving credit facility.
The facility has Olam Agri subsidiaries — Olam Global Agri and Olam Global Agri Treasury — as borrowers with a tenor of three years.
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