Olam clinches US$650m revolving credit facility
It will be used to refinance existing debt.
Agribusiness player Olam International has secured a revolving credit facility worth US$650 million.
The credit facility is made up of two tranches of US$325 million each, a 364-day revolving credit facility and a 2-year revolving credit facility.
Olam said that it will use these funds to refinance existing debt and meet working capital and general corporate funding requirements.