Olam International Limited (“Olam”) announced today that its wholly-owned subsidiary Olam Americas Inc. (“OAI”) has successfully priced a US$120 million issuance of 5-year fixed rate notes (the “Notes”) via a private placement. The Notes were placed to 9 investors at a fixed coupon of 3.89% for 5 years.
Proceeds from the issue of the Notes will be used by OAI and its US affiliates for repayment of existing debt and general corporate purposes.
Rabobank acted as the sole placement agent for the transaction.
Olam International is a leading food and agri-business supplying food, ingredients, feed and fibre to 19,800 customers worldwide. Its value chain spans over 60 countries and includes farming, processing and distribution operations, as well as a sourcing network of an estimated 4.8 million farmers.