Commodities trader Wilmar International announced that it
has inked a mandate letter to launch two syndicated loan
The first syndicated loan is a term loan facility worth US$1.1
billion (about S$1.4 billion) to finance the acquisition of
Australia’s largest refined sugar exporter, Sucrogen.
The Group also syndicated a revolving credit facility worth
A$600 million (about S$769 million) to finance the general
corporate and working capital requirements of Sucrogen.
Australia and New Zealand Banking Group and The Hongkong
and Shanghai Banking Corporation have been
appointed the mandated lead arrangers, bookrunners and
underwriters for the facilities. Rabobank International’s Singapore
branch has also agreed to participate in the facilities in a