SINGAPORE
,
September 5, 2023
(press release)
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Get in Touch with Our CR&S TeamGet in Touch with Our CR&S TeamGet in Touch with Our Media Team Singapore Olam Group Limited (“Olam Group”) announced today that its wholly owned subsidiary, olam food ingredients (“ofi”), a global leader in naturally good food and beverage ingredients, has priced a US$125 million issuance of 5-year and 7-year floating rate notes (the “Notes”) via a private placement to US investors. The Notes were issued by Olam Americas LLC (“OAL”), a 100% indirect subsidiary of ofi and comprised of US$25 million 5-year floating rate notes and US$100 million 7-year floating rate notes. Proceeds from the issue of the Notes will be used by OAL and its US affiliates for refinancing existing debt and general corporate purposes. Rabobank acted as the sole placement agent for the transaction.
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