Olam Group (SG:VC2) has released an update.
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Olam Group, a leading food and agri-business, has announced that its subsidiary Olam Holdings Pte Ltd has successfully obtained a US$1.5 billion loan to refinance its existing debt. The loan, with a maturity of 1.5 years, has been arranged with major banks including Citibank, Emirates NBD Bank, and HSBC acting as lead arrangers. This strategic financial move underscores Olam’s commitment to reinforcing its operations and continuing growth in the global agriculture and food sectors.
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