Olam International Limited has secured one of Singapore's first club loans (the "Facility") referencing the USD Secured Overnight Financing Rate (SOFR) with DBS and Industrial and Commercial Bank of China, Singapore Branch (ICBC Singapore). The Facility size is USD 150 million and has a 1-year tenor with Olam Treasury Pte. Ltd. as a co-borrower. Proceeds from the Facility will be used for general corporate purposes of Olam and its subsidiaries. The Facility agreement also allows for the carve-out, separation, and proposed demerger and IPO of ofi as per Olam's re-organization plan.