A total of 17 banks participated in the facility across three tiers. The senior mandated lead arrangers are Citibank, DBS Bank, JPMorgan Chase Bank N.A, MUFG Bank, Natixis and the Hong Kong and Shanghai Banking Corporation (HSBC).
Olam Group Limited’s wholly-owned subsidiary Olam Food Ingredients (ofi) has secured a US$1.8 billion ($2.44 billion) multi-tranche revolving credit facility and term loan, announced the company on June 26.
The facility comprises a two-year and three-year revolving credit facility and a three-year term loan. Proceeds from the facility will be applied towards refinancing of ofi’s existing loans and general corporate purposes.
