Wilmar International signed a $1.8 billion syndicated loan facility. The facility will be used to finance the general corporate and working capital requirements of Wilmar and its subsidiaries, including refinancing of existing debt.

DBS Bank, The Hongkong and Shanghai Banking, Mizuho Bank, MUFJ Bank, Oversea-Chinese Banking, United Overseas Bank and Westpac Banking acted as mandated lead arrangers and bookrunners on the transaction. ABN AMRO Bank, Singapore Branch, Bank of China, Agricultural Bank of China, Singapore Branch, Bank of the Philippine Islands, China Construction Bank, Singapore Branch, First Abu Dhabi Bank, Singapore Branch and BNP Paribas acted as mandated lead arrangers. 17 other lenders also participated.

Due to strong interest from the lenders during syndication, the facility was upsized from $1.5 billion to $1.8 billion to partially accommodate the oversubscription. The facility is comprised of two tranches: a $600 million three-year revolving credit facility and $1.2 billion five-year term loan.

Founded in 1991 and headquartered in Singapore, Wilmar International is an agribusiness group that focuses on oil palm cultivation, oilseed crushing, edible oils refining, sugar milling and refining, specialty fats, oleochemicals, biodiesel, fertilisers and rice and flour milling.