Deal details
Olam Food Ingredients (ofi) - Sustainability linked loan
Description
Olam Food Ingredients (ofi) has secured a multi-tranche sustainability-linked facility worth $1.975 billion. The facility comprises a two and three year RCF and a three-year term loan. The interest margin is linked to the achievement of sustainability targets across ESG areas and could reduce if those targets are met. The facility has Olam Holdings as a borrower and is initially guaranteed by Olam Group, which will transfer to ofi Group Limited post the planned IPO and demerger of ofi. Proceeds will be applied towards refinancing of ofi’s existing loans and for general corporate purposes.
Companies involved
- Allen & Gledhill
- BBVA, ANZ (Australia and New Zealand Banking Group), DBS Bank, Mizuho, Santander, Natixis, Sumitomo Mitsui Banking Corporation (SMBC)
- Citi, Commonwealth Bank of Australia (CBA), Barclays Bank, Erste Group Bank, Westpac
- Sumitomo Mitsui Banking Corporation (SMBC), Natixis, Santander, BNP Paribas, BBVA, Scotia Bank (The Bank of Nova Scotia), HSBC, ANZ (Australia and New Zealand Banking Group), DBS Bank, MUFG, UniCredit, Abu Dhabi Commercial Bank, Mizuho, Standard Chartered
- Erste Group Bank, Citi, Commonwealth Bank of Australia (CBA), Barclays Bank, Westpac
- HSBC
Key information
Olam International Limited
1975$m
29-08-2022
Agri/Soft Commodities / Agribusiness
Singapore
Commodity Trade Finance
Tranche information
RCF I
722$
Revolving credit facility
722$m
US Dollar - USD
0
2.0 years
-
-
-
| Participant | role | ticket size |
|---|---|---|
| ANZ (Australia and New Zealand Banking Group) | MLA | 38$m |
| BBVA | MLA | 38$m |
| DBS Bank | MLA | 38$m |
| Mizuho | MLA | 38$m |
| Natixis | MLA | 38$m |
| Santander | MLA | 38$m |
| Sumitomo Mitsui Banking Corporation (SMBC) | MLA | 38$m |
| Abu Dhabi Commercial Bank | MLA | 38$m |
| BNP Paribas | MLA | 38$m |
| HSBC | MLA | 38$m |
| MUFG | MLA | 38$m |
| Standard Chartered | MLA | 38$m |
| UniCredit | MLA | 38$m |
| Scotia Bank (The Bank of Nova Scotia) | MLA | 38$m |
| Barclays Bank | Lender | 38$m |
| Citi | Lender | 38$m |
| Commonwealth Bank of Australia (CBA) | Lender | 38$m |
| Erste Group Bank | Lender | 38$m |
| Westpac | Lender | 38$m |
RCF II
722$
Revolving credit facility
722$m
US Dollar - USD
0
3.0 years
-
-
-
| Participant | role | ticket size |
|---|---|---|
| ANZ (Australia and New Zealand Banking Group) | MLA | 38$m |
| BBVA | MLA | 38$m |
| DBS Bank | MLA | 38$m |
| Mizuho | MLA | 38$m |
| Natixis | MLA | 38$m |
| Santander | MLA | 38$m |
| Sumitomo Mitsui Banking Corporation (SMBC) | MLA | 38$m |
| Abu Dhabi Commercial Bank | MLA | 38$m |
| BNP Paribas | MLA | 38$m |
| HSBC | MLA | 38$m |
| MUFG | MLA | 38$m |
| Standard Chartered | MLA | 38$m |
| UniCredit | MLA | 38$m |
| Scotia Bank (The Bank of Nova Scotia) | MLA | 38$m |
| Barclays Bank | Lender | 38$m |
| Citi | Lender | 38$m |
| Commonwealth Bank of Australia (CBA) | Lender | 38$m |
| Erste Group Bank | Lender | 38$m |
| Westpac | Lender | 38$m |
TL
530$
Term Loan
530$m
US Dollar - USD
0
3.0 years
-
-
-
| Participant | role | ticket size |
|---|---|---|
| ANZ (Australia and New Zealand Banking Group) | MLA | 27$m |
| BBVA | MLA | 27$m |
| DBS Bank | MLA | 27$m |
| Mizuho | MLA | 27$m |
| Natixis | MLA | 27$m |
| Santander | MLA | 27$m |
| Sumitomo Mitsui Banking Corporation (SMBC) | MLA | 27$m |
| Abu Dhabi Commercial Bank | MLA | 27$m |
| BNP Paribas | MLA | 27$m |
| HSBC | MLA | 27$m |
| MUFG | MLA | 27$m |
| Standard Chartered | MLA | 27$m |
| UniCredit | MLA | 27$m |
| Scotia Bank (The Bank of Nova Scotia) | MLA | 27$m |
| Barclays Bank | Lender | 27$m |
| Citi | Lender | 27$m |
| Commonwealth Bank of Australia (CBA) | Lender | 27$m |
| Erste Group Bank | Lender | 27$m |
| Westpac | Lender | 27$m |