Sammyboy RSS Feed
19-05-2014, 10:00 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
Olam International gets $2.78 billion revolving credit facility
- See more at: http://www.straitstimes.com/news/bus....hue404Im.dpuf (http://www.straitstimes.com/news/business/companies/story/olam-international-gets-278-billion-revolving-credit-facility-20140519#sthash.hue404Im.dpuf)
Commodities trader Olam International announced on May 19 that it has secured a US$2.22 billion (S$2.78 billion) revolving credit facility.
Proceeds from the facility will be used to refinance existing debt, and for its working capital and general corporate funding needs.
Various banks such as the Australia and New Zealand Banking Group (ANZ) and HSBC banks are appointed senior mandated lead arrangers, while banks such as DBS Bank and National Australia Bank are the mandated lead arrangers.
Mr A. Shekhar, Olam executive director of finance and business development, said:
- See more at: http://www.straitstimes.com/news/bus....hue404Im.dpuf (http://www.straitstimes.com/news/business/companies/story/olam-international-gets-278-billion-revolving-credit-facility-20140519#sthash.hue404Im.dpuf)
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?181954-Olam-Liquidity-Crisis-Olam-would-bankrupt-if-it-is-not-Temasek-CPF-Link-Company&goto=newpost).
Olam International gets $2.78 billion revolving credit facility
- See more at: http://www.straitstimes.com/news/bus....hue404Im.dpuf (http://www.straitstimes.com/news/business/companies/story/olam-international-gets-278-billion-revolving-credit-facility-20140519#sthash.hue404Im.dpuf)
Commodities trader Olam International announced on May 19 that it has secured a US$2.22 billion (S$2.78 billion) revolving credit facility.
Proceeds from the facility will be used to refinance existing debt, and for its working capital and general corporate funding needs.
Various banks such as the Australia and New Zealand Banking Group (ANZ) and HSBC banks are appointed senior mandated lead arrangers, while banks such as DBS Bank and National Australia Bank are the mandated lead arrangers.
Mr A. Shekhar, Olam executive director of finance and business development, said:
- See more at: http://www.straitstimes.com/news/bus....hue404Im.dpuf (http://www.straitstimes.com/news/business/companies/story/olam-international-gets-278-billion-revolving-credit-facility-20140519#sthash.hue404Im.dpuf)
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?181954-Olam-Liquidity-Crisis-Olam-would-bankrupt-if-it-is-not-Temasek-CPF-Link-Company&goto=newpost).