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Olam International Limited (OLAM.SI)

OLAM.SI on Stock Exchange of Singapore

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5 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Olam announces multi-tranche facility of $1 bln
Tuesday, 27 Oct 2015 04:14pm EDT 

Olam International Ltd:Olam announces a new multi-tranche facility of US$1,000 million.Says proceeds from the facility will be applied towards refinancing of existing debt.Says facility consists of two tranches, a US$850 million 364-day revolving credit facility and a US$150 million 5-year term loan.  Full Article

Olam International Ltd declares interim dividend
Thursday, 13 Aug 2015 06:43pm EDT 

Olam International Ltd:Declared an interim (one-tier tax exempt) dividend of 2.5 cents per share.  Full Article

Olam International Ltd announces issue of an additional A$25,000,000 4.875 pct fixed rate senior unsecured notes due 2020
Thursday, 19 Mar 2015 05:41am EDT 

Olam International Ltd:Refers to announcement dated 17 March.Announces issuance of an additional A$25,000,000 fixed rate senior unsecured notes.Says total aggregate principal amount of combined issuance will thereby increase to A$150,000,000.Westpac Banking Corporation acted as sole manager for the issue of combined notes.Combined Notes will be issued at an issue price of 100.069 pct of their principal amount at a fixed rate of 4.875 pct per annum payable annually in arrears.Combined Notes are expected to be issued on March 26 and are expected to mature on March 26, 2020.Proceeds from issue will be used for working capital purposes and general corporate purposes, including financing capital expenditure and potential acquisition opportunities.  Full Article

Olam International Ltd announces issue of A$125,000,000 4.875 pct fixed rate senior unsecured notes due 2020
Tuesday, 17 Mar 2015 08:15am EDT 

Olam International Ltd:Issues A$125,000,000 fixed rate senior unsecured notes due 2020.Says notes will be issued under U.S $5,000,000,000 Euro Medium Term Note Programme.Notes will be issued at an issue price of 99.835 pct of their principal amount and in denominations of A$200,000 and integral multiples of A$2,000 in excess thereof.Notes will bear interest at fixed rate of 4.875 per cent. per annum payable annually in arrears.Notes are expected to be issued on March 26 and are expected to mature on March 26, 2020.Proceeds will be used for working capital purposes and general corporate purposes, including financing capital expenditure and potential acquisition opportunities.  Full Article

Olam International completes sale of 25.0 pct stake in its Packaged Foods Business To Sanyo Foods
Monday, 2 Feb 2015 04:31am EST 

Olam International Ltd:Says it has completed the sale of 25.0 pct stake in Olam’s Packaged Foods business to Sanyo Foods Co. Ltd. (Sanyo Foods).Company has received cash proceeds of U167.5 million and has added $79.6 mln to its capital reserves.Following the completion of the sale, Olam owns 75.0 pct of Caraway Pte Ltd., the holding company for all of the Company’s Packaged Foods businesses with the balance 25.0 pct owned by Sanyo Foods.  Full Article

Olam International Ltd issues $50 mln in private placement of notes
Thursday, 15 Jan 2015 04:46am EST 

Olam International Ltd:Announced the issuance of $50 mln five year senior notes due 2020 in a private placement under its $5,000,000,000 Euro Medium Term Note Programme established by the company on July 06, 2012 and updated on July 14, 2014.Says the notes were issued to an institutional investor at a fixed coupon of 4.00 pct and will mature on Jan. 22, 2020.Says the net proceeds from this issue will be applied by Olam to fund its ordinary course of business.Says The Hongkong and Shanghai Banking Corporation Limited acted as sole manager for this transaction issue.  Full Article

Archer Daniels Midland Co to sell global Cocoa business to Olam International Limited
Monday, 15 Dec 2014 07:00pm EST 

Archer Daniels Midland Co:Says that it has reached an agreement to sell its global cocoa business to Olam International Limited for $1.3 billion.The sale encompasses ADM's entire global cocoa business, including processing facilities in Mississauga, Canada; Koog aan de Zaan and Wormer, Netherlands; Mannheim, Germany; Ilhéus, Brazil; Abidjan, Côte d'Ivoire; Kumasi, Ghana; and Singapore.Also included are ADM's buying stations in Brazil, Cameroon, Côte d'Ivoire, and Indonesia, as well as the company's deZaan and UNICAO brands.The majority of the about 1,550 colleagues in ADM's cocoa business will transfer to Olam with the sale.The proposed sale, which is contingent on customary regulatory approvals, is expected to close during the second quarter of 2015.  Full Article

BRIEF-Olam CEO rules out any impact of La Niña

* sees Malaysian palm production at 17.2 million tonnes, Indonesian at 32 million tonnes