By Marisa Wong
Morgantown, W.Va., July 19 – Singapore’s Olam International Ltd. announced it priced $100 million of five-year fixed-rate notes through a private placement.
The notes were priced with a fixed coupon of 4.35%, or 160 basis points over the five-year U.S. Treasury rate.
Wells Fargo Securities LLC acted as placement agent.
Proceeds will be used to repay existing debt and for general corporate purposes.
Olam is a food processing company.
| Issuer: | Olam International Ltd.
|
| Issue: | Fixed-rate notes
|
| Amount: | $100 million
|
| Maturity: | Five years
|
| Agent: | Wells Fargo Securities LLC
|
| Coupon: | 4.35%
|
| Spread: | 160 bps
|
| Announcement date: | July 19
|
| Distribution: | Private placement
|
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