Singapore’s Olam secures $2 billion bridge financing facility

Chicago, Dec. 5 – Olam Group Ltd.’s operating group, Olam Global Agri Treasury Pte. Ltd., secured a $2 billion bridge financing facility, according to a press release.

Olam Group guarantees the loan.

DBS Bank, Citibank, MUFG Bank Ltd. and HSBC Ltd. participated as senior mandated lead arrangers.

HSBC is the facility agent.

The 18-month bridge loan will be used to support Olam’s reorganization plan and may be used for general corporate purposes.

Olam Group is a subsidiary holding company of Olam International Ltd., a Singapore-based supply chain manager and processor of agricultural products and food ingredients.

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