PIF-backed Olam Agri raises nearly $2bn

Olam Agri seals US$1.85bn dual-tranche financing deal

Two units of agricultural commodity trading giant Olam Agri have clinched a US$1.85bn facility incorporating both conventional and Islamic financing, backed by a group of international lenders.  The three-year deal comprises a US$1.6bn conventional facility and a US$250mn Islamic tranche for the Singapore-headquartered company. Olam Global Agri and Olam Global Agri Treasury are borrowers under the conventional portion and purchasers for the Isla…

PIF-backed Olam Agri raises nearly $2bn

PIF stake owned through Salic $250m Islamic tranche Dual listing plan delayed Singapore-based agribusiness Olam Agri Holdings, partially owned by Saudi Arabia’s Public Investment Fund (PIF), has secured $1.85 billion in financing to support its business goals.The dual-tranche conventional and Islamic facility was raised by Olam Global Agri and Olam Global Agri Treasury Pte, two subsidiaries of Olam Agri — which sources, processes, trades and dis…