Olam International, an agri-business operating in 70 countries, secured a revolving credit facility of $650 million consisting of two tranches of $325 million each.
The transaction is meant to refinance existing debt and allow Olam to meet working capital and general corporate funding requirements.
Standard Chartered is the mandated lead arranger for the facility with a syndicate including: ANZ Banking Group, The Bank of Tokyo Mitsubishi UFJ, BNP Paribas, Commerzbank, Credit Suisse, DBS, HSBC, JPMorgan Chase, Mizuho Bank and National Australia Bank.