Allen & Gledhill advised a club of 15 Japanese banks, including the Development Bank of Japan Inc. (“Development Bank of Japan”), Mizuho Bank, Ltd. (“Mizuho Bank”), and MUFG Bank, Ltd. (“MUFG Bank”) (collectively the “Banks”), as transaction counsel, on the JPY30 billion term loan facilities (the “Facilities”) to Olam Treasury Pte. Ltd., a wholly owned subsidiary of Olam International Limited (“Olam”).
Development Bank of Japan, Mizuho Bank, and MUFG Bank were appointed mandated lead arrangers and bookrunners. Mizuho Bank was appointed facility agent.
The proceeds of the Facilities will be applied towards refinancing of existing loans of Olam and its subsidiaries and for general corporate purposes.
Allen & Gledhill led the transaction which was largely Japan-based and provided detailed legal advice to each of the Banks on their respective requirements, and assisted with the process of meeting the requirements for syndication of the Facilities in Japan.
Advising the Banks as to Singapore law was Allen & Gledhill Partner Mark Hudspeth.