Sunday 29 May 2022

Olam International prices US$275 million US private placement

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SINGAPORE – Olam International (“Olam”), a leading global agri-business, announced today that its wholly owned subsidiary, Olam Americas Inc. (“OAI”) has priced a US$275 million issuance of 5 and 7 year fixed rate notes (the “Notes”) via a private placement.

The issuance comprised US$200 million of 5-year fixed rate notes at a coupon of 3.05% and US$75 million of 7-year fixed rate notes at a coupon of 3.25%. The transaction is expected to close on February 16, 2022.

Proceeds from the issue of the Notes will be used by OAI and its US affiliates for general corporate purposes.

ING Financial Markets LLC acted as the sole placement agent for the transaction.

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