Olam Agri bags $1b revolving credit facility

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pstrongProceeds will be used to pay off Olam Agri's existing loans./strong/p pOlam Group’s food, feed, and fibre operating group, Olam Agri, has secured a $1b (US$745m) revolving credit facility from banks in the United Arab Emirates (UAE).

Olam Group’s food, feed, and fibre operating group, Olam Agri, has secured a $1b revolving credit facility from banks in the United Arab Emirates .

Abu Dhabi Commercial Bank, First Abu Dhabi Bank, Standard Chartered Bank, and Emirates NBD Bank are the senior mandated lead arrangers and bookrunners for the facility whilst HSBC acts as the facility agent., Olam Global Agri and Olam Global Agri Treasury will act as borrowers of the facility with a tenor of three years.

Initially guaranteed by Olam Group, the Facility will transfer to Olam Agri following Olam Agri's demerger. ...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

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