Olam Agri Gains $550M Revolving Credit Boost

Olam Group (SG:VC2) has released an update.

Olam Agri, a key division of Olam Group, has secured a substantial $550 million revolving credit facility aimed at refinancing existing debts and supporting general corporate functions. This three-year facility involves major banks such as Deutsche Bank, JPMorgan, and HSBC, reflecting the company’s robust position in the agri-business sector. Olam Agri, recognized for its significant role in global food, feed, and fibre trade, underscores its commitment to sustainable growth and supporting global food security.

For further insights into SG:VC2 stock, check out TipRanks’ Stock Analysis page.