SINGAPORE (Yosefardi) – Wii Pte Ltd, subsidiary of Wilmar International, has signed a mandate letter for the launch of a US$1.5 billion syndication facility with some banks.
Wii Pte Ltd signed the mandate letter with The Bank of Tokyo-Mitsubishi UFJ, Ltd., CIMB Bank Berhad, Singapore Branch, Commonwealth Bank of Australia, DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited and United Overseas Bank Limited as mandated lead arranger and bookrunner of the facility.
“The Facility is irrevocably guaranteed by Wilmar. The purpose of the Facility is to finance general corporate and working capital requirements of Wilmar and its subsidiaries, including refinancing of existing debt,” Wilmar said.
Wilmar International shares ended lower by 0.64% to S$3.09 on Wednesday (July 10). At this price, Wilmar has market capitalization of around S$19.76 billion. Wilmar shares dropped from as high as S$3.92 early this year.
by Hatman Bintang