SINGAPORE (Yosefardi) – Supply chain manager and processor of agricultural products Olam International Ltd has completed a US$400 million revolving credit facility for its US subsidiary.
The three-year facility was arranged by a group of eight international lenders. Joint lead managers and bookrunners include Credit Suisse, HSBC, ING Bank, JPMorgan, the Korea Development Bank, Natixis, the Royal Bank of Scotland, and Standard Chartered Bank.
Olam claimed the new facility has a more competitive pricing than the existing US$350 million syndicated term loan.
Olam International also has operations in some sectors in Indonesia.
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