US$1.975 billion sustainability-linked loan facilities to Olam Group Limited
A&G News 26 September 2022
Allen & Gledhill, as transaction counsel, advised The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (“HSBC”) which was the facility agent for both the financing and the lending group which consisted of 19 banks from Australia, Canada, Europe, Japan, the Middle East, Singapore and the United States.
The purpose of the financing was for the refinancing of Olam Food Ingredients’ existing loans and general corporate purposes. The interest margin on the financing is linked to the achievement of sustainability targets across environmental, social and governance areas.
Advising HSBC was Allen & Gledhill Partner Mark Hudspeth.