Olam International has, through its wholly-owned subsidiary, Olam Holdings B.V., secured a two-year committed loan facility of US$1 billion ($1.33 billion).
The facility is guaranteed by Olam and will be used to finance the acquisition of Olde Thomson, a US-based manufacturer of spices and spice-related housewares.
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Olam had announced the acquisition of Olde Thomson on April 29.
BNP Paribas, DBS Bank Limited, The Hongkong And Shanghai Banking Corporation Limited (HSBC), Mizuho Bank Ltd., MUFG Bank Ltd. And Standard Chartered Bank Limited participated as senior mandated lead arrangers of the facility. HSBC is the facility agent.
Shares in Olam closed 3 cents lower or 1.8% down at $1.67 on May 14.
