Singapore’s Olam Group said on Wednesday its unit olam food ingredients (ofi) had secured a multi-tranche dual currency term loan facility aggregating $1.12 billion.
The facility, consisting of two U.S. dollar tranches of $775 million in total and a tranche of 2.42 billion yuan ($342.68 million), would be transferred to the unit following its planned initial public offering and demerger.
Olam, one of the world’s biggest agricultural commodity traders, is interested in listing its ingredients business on the premium segment of the London Stock Exchange alongside a secondary listing in Singapore.
Ofi, created in early 2020 following a re-organisation of Olam, accounted for nearly 40% of the group‘s total revenue in fiscal 2024 and contributed S$14.7 billion ($11.34 billion) in the first six months of 2025.
Reuters
