Olam International, an agri-business operating across the value chain in 70 countries, secured a revolving credit facility aggregating $1.75 billion. Olam Treasury, a 100%-owned subsidiary, is a co-borrower. The facility is guaranteed by the company.

The facility consists of three tranches – a 364-day revolving credit facility of $583.33 million, a two-year revolving credit facility of $583.33 million and a three-year revolving credit facility of $583.34 million.

Proceeds will be applied towards refinancing of existing loans of the company and its subsidiaries.

The company appointed ABN Amro Bank, Australia and New Zealand Banking Group; Barclays Bank, BNP Paribas (acting through its Singapore Branch), Credit Suisse, DBS Bank, The Hongkong and Shanghai Banking Corporation, JPMorgan Chase Bank, Mizuho Bank, National Australia Bank, Natixis, Standard Chartered Bank, State Bank of India, Sumitomo Mitsui Banking, Westpac Banking and UniCredit Bank as senior mandated lead arrangers for the facility. Bank of Baroda, Commerzbank, Commonwealth Bank of Australia, First Abu Dhabi Bank and ING are mandated lead arrangers.

Jayant Parande, president and global head of Treasury and Investor Relations for Olam, said, “We are extremely pleased to have secured this financing which helps to optimize the overall tenor of our debt portfolio. We would like to thank our banking partners for their strong support for this loan transaction.”