PROJECT

Projects

Summary of Investment Information

Project Number

34841

Company Name

OLAM INTERNATIONAL LIMITED

Date SPI Disclosed

Jan 6, 2016

Country

World Region

Region

Global

Projected Board Date

Feb 8, 2016

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Sep 10, 2022

Department

Gbl Ind, Manufact, Agribus & Services

Industry

Agribusiness and Forestry

Previous Events

Approved : Mar 24, 2016
Signed : Mar 29, 2016
Invested : May 27, 2016

Sector

Diversified Edible Agricultural Crops Production

Project Description

IFC is considering an up to US$100 million loan facility and up to US$75 million mobilization to Olam International Limited (“Olam” or the “Borrower”), a global agri-business group headquartered in Singapore and listed on the Singapore Stock Exchange (SGX: Olam). The proceeds of the loan provided by IFC shall be used for financing permanent working capital and capital expenditure requirements in respect of Approved Projects. Approved Projects are projects of Olam’s subsidiaries that are pre-agreed between Olam and IFC in the Loan Agreement. Currently, approved projects are expected to consist of the following:
India – Hemarus Industries Limited - Sugar and Cogeneration Facility
India – SVI Spices Processing Facility
Nigeria – Crown Flour Mill Factory
Nigeria – Greenfield Sesame Hulling Unit

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation