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Olam secures US$1 bil loan facility to finance acquisition of spice business

Felicia Tan
Felicia Tan • 1 min read
Olam secures US$1 bil loan facility to finance acquisition of spice business
Olam had announced the acquisition of the business on April 29.
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Olam International has, through its wholly-owned subsidiary, Olam Holdings B.V., secured a two-year committed loan facility of US$1 billion ($1.33 billion).

The facility is guaranteed by Olam and will be used to finance the acquisition of Olde Thomson, a US-based manufacturer of spices and spice-related housewares.

Olam had announced the acquisition of Olde Thomson on April 29.

See also: GKE renews lease of property with JTC, to deploy funds raised from recent placement

BNP Paribas, DBS Bank Limited, The Hongkong And Shanghai Banking Corporation Limited (HSBC), Mizuho Bank Ltd., MUFG Bank Ltd. And Standard Chartered Bank Limited participated as senior mandated lead arrangers of the facility. HSBC is the facility agent.

Shares in Olam closed 3 cents lower or 1.8% down at $1.67 on May 14.

TAGS
Olam International
loan facility
BNP Paribas
DBS Bank Limited
Mizuho Bank Ltd.
MUFG Bank Ltd
The Hongkong and Shanghai Banking Corporation (HSBC)

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