Singapore's Olam signs $300 million five-year loan facility

By Reshmi Basu

New York, March 1 - Olam International Ltd. said it has signed a $300 million five-year syndicated transferable loan facility.

Proceeds will be used to refinance existing debt, for working capital and for general corporate funding requirements.

The syndicate is comprised of DBS Bank Ltd., The Hongkong and Shanghai Banking Corp. Ltd., the Singapore branch of Rabobank and Standard Chartered Bank.

Olam is a global integrated supply chain manager of agricultural products and food ingredients.

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