By Wendy Van Sickle
Columbus, Ohio, May 20 – Singapore’s Olam International Ltd. announced its Olam Americas Inc. subsidiary priced $120 million of five-year fixed-rate notes through a private placement.
The notes were priced with a fixed coupon of 3.89%.
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 Americas Inc.
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| Issue: | Fixed-rate notes
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| Amount: | $120 million
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| Maturity: | Five years
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| Agent: | Rabobank
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| Coupon: | 3.89%
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| Announcement date: | May 20
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| Distribution: | Private placement
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