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Wilmar attracted a USD 1,5 bln syndicated loan facility
23 May 2018, 17:15
A wholly-owned subsidiary of Wilmar Wii Pte Ltd has signed a mandate letter for the launch of a syndicated loan facility of USD 1,500 million.
Among the creditors are DBS Bank Ltd, The Hongkong and Shanghai Banking Corporation Limited, Mizuho Bank, Ltd., MUFJ Bank, Ltd, Oversea-Chinese Banking Corporation Limited, United Overseas Bank Limited and Westpac Banking Corporation Limited.
The purpose of the facility is to refinance existing debt and to finance general corporate and working capital requirements of Wilmar and its subsidiaries.
Reference: Wilmar International Limited reported a 41 percent decrease in net profit to USD 203.3 million for the quarter ended March 31, 2018 (Q1 2017: USD 342.0 million).
