By Rebecca Melvin
Concord, N.H., Jan. 25 – Olam International Ltd., via subsidiary Olam Americas Inc., priced $275 million of five- and seven-year fixed-rate notes in a private placement, according to an announcement on Tuesday.
The company sold $200 million five-year notes with a 3.05% coupon and $75 million seven-year notes with a 3¼% coupon.
ING Financial Markets LLC acted as placement agent.
The transaction is expected to close on Feb. 16, and proceeds will be used by Olam Americas and its U.S. affiliates for general corporate purposes.
Olam is a Singapore-based provider of supply chain management for agricultural products and food ingredients.
| Issuer: | Olam Americas Inc.
|
| Amount: | $275 million
|
| Issue: | Fixed-rate senior notes
|
| Placement agent: | ING Financial Markets LLC
|
| Announcement date: | Jan. 25
|
| Settlement date: | Feb. 16
|
| Distribution: | Private placement
|
|
|
| Five-year notes
|
| Amount: | $200 million
|
| Maturity: | 2027
|
| Coupon: | 3.05%
|
|
|
| Seven-year notes
|
| Amount: | $75 million
|
| Maturity: | 2029
|
| Coupon: | 3¼%
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
