Subscribe
Search Site
Site
News
Menu

Olam International prices US$170 million US debt private placement

Olam International Limited (“Olam”) announced today that its wholly-owned subsidiary Olam Americas Inc. (“OAI”) has successfully priced a follow-on US$170 million issuance of 5-year fixed rate notes (the “Notes”) in a private placement, taking the total issuances in the US market to US$345 million.

The Notes were placed to eight investors in the US at a spread of 195 basis points over the 5-year US treasury rate, which translates to a fixed coupon of 3.73% for 5 years.

Proceeds from the issue of the Notes will be used by OAI and its US affiliates for repayment of existing bank debt and general corporate purposes.

Rabo Securities acted as the sole placement agent for the transaction.

About Olam International Limited

Olam International is a leading agri-business operating across the value chain in 70 countries, supplying various products across 18 platforms to 23,000 customers worldwide. From a direct sourcing and processing presence in most major producing countries, Olam has built a global leadership position in many of its businesses. Headquartered in Singapore and listed on the SGX-ST on February 11, 2005, Olam currently ranks among the top 30 largest primary listed companies in Singapore in terms of market capitalisation. In 2016, Fortune magazine recognised Olam at #23 in its ‘Change the World’ list.

More information on Olam can be found at www.olamgroup.com.

Olam is located at 9 Temasek Boulevard #11-02 Suntec Tower Two Singapore 038989,
Telephone: +65 63394100, Facsimile: +65 63399755.

Issued on behalf of Olam International Limited by:

WATATAWA Consulting, 28 Maxwell Road #03-03 Red Dot Traffic Building Singapore 069120

Contacts For Olam Investor Relations

Aditya Renjen
Vice President
aditya.renjen@olamnet.com
+65 66031104, 96570339

Chow Hung Hoeng
General Manager
chow.hunghoeng@olamnet.com
+65 63179471, 98346335

Contacts For WATATAWA Consulting

Simon Pangrazio
Managing Partner
simon.pangrazio@watatawa.asia
+65 90603513

Josephine Chew
Associate Partner
josephine.chew@watatawa.asia
+65 90610353