Olam Group (SG:VC2) has released an update.
Olam Group’s subsidiary, olam food ingredients (ofi), has secured a JPY 46.5 billion (approximately US$330 million) medium-term samurai loan to refinance existing loans and for general corporate purposes. The loan, guaranteed by Olam Group, will transition to ofi Group Limited following a planned IPO and demerger. The arrangement was facilitated by leading banks MUFG, Mizuho, and Sumitomo Mitsui as Mandated Lead Arrangers and Bookrunners.
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