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Olam II WC Loan

Sector: Raw Materials • Location: World Region

Source: International Finance Corporation (IFC)

Project
Completed

IFC is considering an up to US$100 million loan facility and up to US$75 million mobilization to Olam International Limited (“Olam” or the “Borrower”), a global agri-business group headquartered in Singapore and listed on the Singapore Stock Exchange (SGX: Olam). The proceeds of the loan provided by IFC shall be used for financing permanent working capital and capital expenditure requirements in r

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The project “Olam II WC Loan” is an infrastructure initiative in the Raw Materials sector, located in World Region. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Status

Original status

completed

Taiyo status

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Description

Description

IFC is considering an up to US$100 million loan facility and up to US$75 million mobilization to Olam International Limited (“Olam” or the “Borrower”), a global agri-business group headquartered in Singapore and listed on the Singapore Stock Exchange (SGX: Olam). The proceeds of the loan provided by IFC shall be used for financing permanent working capital and capital expenditure requirements in respect of Approved Projects. Approved Projects are projects of Olam’s subsidiaries that are pre-agreed between Olam and IFC in the Loan Agreement. Currently, approved projects are expected to consist of the following: India – Hemarus Industries Limited - Sugar and Cogeneration FacilityIndia – SVI Spices Processing FacilityNigeria – Crown Flour Mill FactoryNigeria – Greenfield Sesame Hulling Unit

Original sub-sector

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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