Olam Group’s ofi Secures Multi-Million Samurai Loan

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

Olam Group’s subsidiary, olam food ingredients (ofi), has secured a JPY 46.5 billion (approximately US$330 million) medium-term samurai loan to refinance existing loans and for general corporate purposes. The loan, guaranteed by Olam Group, will transition to ofi Group Limited following a planned IPO and demerger. The arrangement was facilitated by leading banks MUFG, Mizuho, and Sumitomo Mitsui as Mandated Lead Arrangers and Bookrunners.

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