Olam Treasury is the borrower of the facility, which is initially guaranteed by the Olam Group. The guarantee will be transferred to ofi after its planned initial public offering (IPO) and the demerger of ofi.
Olam Food Ingredients (ofi) has secured a two-year revolving credit facility of US$250 million ($335.2 million) with DBS Bank and the Industrial and Commercial Bank of China (ICBC).
Ofi was created in early 2020 following Olam’s re-organisation.
