Singapore's Olam unit ofi secures $1.27 billion dual-tranche syndicated loan

Olam

17/03/2026 23:59

March 18 (Reuters) - Singapore-based Olam Group OLAG.SI said on Wednesday that its subsidiary, Olam Food Ingredients (ofi), has secured its first dual-tranche euro-denominated syndicated loan facility totaling 1.1 billion euros ($1.27 billion).

The financing packaging comprises a 450-million-euro two-year revolving credit tranche, and an option to extend by one year, alongside a 650-million-euro term loan with a three-year maturity, the company said.

Olam Treasury B.V. is the borrower for the facility, which is initially backed by Olam Group. The guarantee is expected to transfer to ofi Group Limited once the subsidiary completes its planned IPO and demerger.

Proceeds will be used to refinance ofi's existing loans, said Olam, one of the world's biggest agricultural commodities traders.

The Hongkong and Shanghai Banking Corporation has been appointed as the facility agent.

($1 = 0.8666 euros)

 (Reporting by Roshan Thomas in Bengaluru; Editing by Sherry Jacob-Phillips)

 ((Roshan.Thomas@thomsonreuters.com;))