June 29, 2017 5:52 AM ET

Food and Staples Retailing

Company Overview of Olam Americas, Inc.

Company Overview

Olam Americas, Inc. sources, processes, and distributes agricultural commodities such as cotton, coffee, and cashew. The company was incorporated in 2006 and is based in Summit, New Jersey. Olam Americas, Inc. operates as a subsidiary of Olam International Limited.

25 Union Place

3rd Floor

Summit, NJ 07901

United States

Founded in 2006

Phone:

908-988-1960

Fax:

908-988-1950

Key Executives for Olam Americas, Inc.

Olam Americas, Inc. does not have any Key Executives recorded.

Olam Americas, Inc. Key Developments

Olam International Prices USD 170 Million US Debt Private Placement

Olam International Limited announced that its wholly-owned subsidiary Olam Americas Inc. has successfully priced a follow-on USD 170 million issuance of 5-year fixed rate notes in a private placement, taking the total issuances in the US market to USD 345 million. The Notes were placed to eight investors in the US at a spread of 195 basis points over the 5-year US treasury rate, which translates to a fixed coupon of 3.73% for 5 years. Proceeds from the issue of the Notes will be used by OAI and its US affiliates for repayment of existing bank debt and general corporate purposes.

Olam Americas Inc. Issues USD 175 Million Debt Through Private Placement

Olam Americas Inc. ("OAI") has successfully priced USD 175 million of 5-year fixed rate notes (the "Notes") in a private placement. The Notes were initially offered for USD 100 million, but was oversubscribed by USD 75 million on the back of strong demand. The Notes were placed to six investors in the US at a spread of 199 basis points over the 5-year US treasury rate, which translates to a fixed coupon of 3.90% for 5 years. Proceeds from the issue of the Notes will be used by OAI and its US affiliates for repayment of existing bank debt and general corporate purposes. Closing and funding of the transaction will occur in January 2017.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
June 16, 2017
--
Private Placement
December 6, 2016
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