NewTimeSpace News:On March 18, 2026, Olam Group announced in a filing that its wholly-owned subsidiary ofi has successfully completed its inaugural euro-denominated financing, securing a dual-tranche syndicated loan with a total amount of EUR 1.1 billion.

It is reported that the loan is borrowed by Olam Treasury B.V., with Olam Group providing the guarantee initially. The guarantee obligation will be transferred to ofi Group Limited upon the completion of ofi’s planned initial public offering (IPO) and demerger. The loan proceeds will be mainly used to refinance ofi’s existing loans and support the company’s general corporate operations.

According to the announcement, the syndicated loan consists of two tranches: a 2-year revolving credit tranche of EUR 450 million and a 3-year term loan tranche of EUR 650 million. A total of 11 banks participated in the loan in two tiers.

Rishi Kalra, Executive Director and Group Chief Financial Officer of ofi, stated that the successful completion of the company’s inaugural euro-denominated financing will further enhance the company's liquidity and provide financial flexibility for strategy execution and value delivery to stakeholders.

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