Olam Food Ingredients (OFI) — a wholly-owned subsidiary of the Singapore Stock Exchange (SGX)-listed commodity trader Olam Group — has obtained a multi-tranche, sustainability-linked debt facility of $1.975 billion from 19 banks across Australia, Canada, Europe, Japan, Singapore, the Middle East, and the US.
The loan will be initially guaranteed by the Olam Group, and will eventually be transferred to OFI after its initial public offering (IPO) and demerger from the Olam Group, according to a regulatory filing on Wednesday.
