Advertisement
Singapore markets closed

  • Straits Times Index

    3,293.13
    +20.41 (+0.62%)
     

  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     

  • Dow

    38,503.69
    +263.71 (+0.69%)
     

  • Nasdaq

    15,696.64
    +245.33 (+1.59%)
     

  • Bitcoin USD

    66,389.75
    +261.64 (+0.40%)
     

  • CMC Crypto 200

    1,434.73
    +10.63 (+0.75%)
     

  • FTSE 100

    8,091.73
    +46.92 (+0.58%)
     

  • Gold

    2,330.80
    -11.30 (-0.48%)
     

  • Crude Oil

    83.00
    -0.36 (-0.43%)
     

  • 10-Yr Bond

    4.5980
    -0.0250 (-0.54%)
     

  • Nikkei

    38,460.08
    +907.92 (+2.42%)
     

  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     

  • FTSE Bursa Malaysia

    1,571.48
    +9.84 (+0.63%)
     

  • Jakarta Composite Index

    7,174.53
    +63.72 (+0.90%)
     

  • PSE Index

    6,572.75
    +65.95 (+1.01%)
     

Olam International Secures Loan Facility of US$1 Billion

Shares Investment

Olam International has announced securing a revolving credit and term loan facility aggregating US$1 billion.

The facility consists of two tranches, a US$850 million 364-day revolving credit facility and a US$150 million 5-year load. Proceeds from the facility will be applied towards refinancing of existing debt and meeting working capital and general corporate funding requirements of the group.

The group stated that this refinancing is part of the group’s proactive capital management strategy of diversifying the debt portfolio and achieving an optimum mix of tenor and overall borrowing cost.



More From Shares Investment: