By Joseph Edegbo :
Singapore Leading global food and agri-business, Olam International Limited (“Olam’’) announced Wednesday, that its wholly owned subsidiary, Olam Treasury Pte. Ltd. (“OTPL”), has secured a medium-term samurai loan facility (the “Facility”) aggregating JPY 26.7 billion.
The Facility consists of two tranches: (i) a 3-year tranche of JPY 20.7 billion, and (ii) a 5-year tranche of JPY 6.0 billion, guaranteed by Olam. Proceeds from the Facility will be applied towards refinancing of OTPL’s existing loans and general corporate purposes.
MUFG Bank Ltd., Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation (Singapore Branch) and Development Bank of Japan Inc. acted as Mandated Lead Arrangers and Bookrunners for the Facility, with MUFG Bank Ltd. acting as Facility Agent.