Proceeds from the issue of the notes will be used by Olam Americas and its US affiliates for refinancing existing debt and general corporate purposes.
Olam Group’s (SGX:VC2
) wholly-owned subsidiary, Olam Food Ingredients (OFI) has priced US$125 million ($169.2 million) worth of five-year and seven-year floating rate notes. There were US$25 million worth of five-year floating rate notes and US$100 million worth of seven-year floating rate notes.
The notes were issued by OFI’s 100% indirect subsidiary, Olam Americas LLC, and priced via a private placement to US investors.
