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Wilmar signs a USD 1,800 mln syndicated loan facility
31 July 2018, 17:10
Wilmar International Limited (Wilmar) signed a USD 1,800 million syndicated loan facility. The facility granted to Wii Pte Ltd, a wholly-owned subsidiary of Wilmar, is guaranteed by Wilmar.
The facility will be used to finance general corporate and working capital requirements of Wilmar and its subsidiaries, including refinancing of existing debt.
Due to very strong interest from the lenders during syndication, the facility has been upsized from USD 1,500 million to USD 1,800 million to partially accommodate the oversubscription. The facility comprises two tranches: USD 600 million for a three-year revolving credit facility and USD 1,200 million for a five-year term loan.
Reference: a wholly-owned subsidiary of Wilmar Wii Pte Ltd signed a mandate letter for the launch of a syndicated loan facility of USD 1,500 million.
