Allen & Gledhill, as transaction counsel, advised The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (“HSBC”), on the US$1.75 billion term and revolving loan facilities to Olam Treasury Pte. Ltd.
The facilities will be used to refinance the existing loans and finance the working capital and general corporate funding requirements of the Olam Group.
The interest margin on the financing is linked to the achievement of sustainability key performance indicators relating to renewable energy share, women farmers receiving livelihood support, and native and beneficial trees distributed in agroforestry programs.
Advising HSBC was Allen & Gledhill Partner Mark Hudspeth.