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Olam completes US$2 bil debt refinancing

PC Lee Published on Thu, Oct 13, 2016 / 6:24 PM GMT+8

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SINGAPORE (Oct 13): Olam International says it has secured a revolving credit facility aggregating US$2.0 billion ($2.8 billion).

The facility consists of three tranches -- a 364-day revolving credit facility of US$400 million, a two-year revolving credit facility of US$800 million and a three-year revolving credit facility of US$800 million.

Proceeds from the facility will be applied towards refinancing of existing syndicated and bilateral bank loans of the company.

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