Olam Group (SG:VC2) has released an update.
Olam Group’s subsidiary, ofi, has successfully secured a massive US$1,800 million loan to refinance existing debts and support general corporate activities. This strategic financial move involves a mix of revolving credit facilities and a term loan, backed by 17 international banks. This funding is a key step ahead of ofi’s anticipated IPO and corporate restructuring.
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