ofi secures US$2.1B loan facility to refinance existing debt amid supporting its ongoing growth initiatives
This financial boost comes at a crucial time as ofi continues to expand its footprint in the milling and baking sectors.
SINGAPORE – Olam Food Ingredients (ofi), a global leader in natural and sustainable food ingredient solutions, has recently secured a significant US$2.1 billion loan facility to refinance existing debt and support its ongoing growth initiatives.
The funding will be used to modernise processing facilities, expand sourcing networks, and accelerate R&D in ingredient functionality, in areas like gluten-free baking, plant-based alternatives, and clean-label formulations.
This financial boost comes at a crucial time as ofi continues to expand its footprint in the milling and baking sectors, supplying high-quality ingredients that serve food manufacturers worldwide.
ofi operates across a diverse portfolio that includes cocoa, coffee, dairy, nuts, spices, and especially ingredients tailored for the milling and baking industries.
Their offerings help millers and bakers optimise product quality, efficiency, and consumer appeal with innovative and sustainable ingredient solutions.
In the baking sector, ofi partners closely with flour millers and bakeries to provide specialty ingredients that improve dough performance, flavor, texture, and nutritional value.
The facility comprises a two-year revolving credit line and a three-year term loan, backed initially by Olam Group and set to transfer to ofi Group Limited following its planned Initial Public Offering (IPO) and demerger.
A consortium of 18 international banks participated in the deal, with HSBC appointed as the facility agent.
Senior Mandated Lead Arrangers include Banco Bilbao Vizcaya Argentaria, Citibank, DBS Bank, MUFG Bank, Standard Chartered Bank (Singapore), and The Hongkong and Shanghai Banking Corporation, reflecting strong institutional confidence in ofi’s business model and market trajectory.
ofi’s investment strategy is closely aligned with the evolving needs of the milling and baking industry, which is increasingly focused on sustainability, traceability, and nutritional innovation.
The company’s portfolio includes high-performance cocoa powders for baked goods, dairy ingredients for bread and pastries, and functional nut flours and spice blends that cater to both health-conscious and indulgent consumer trends.
These efforts are expected to enhance ofi’s competitiveness in key markets across North America, Europe, and Latin America, where demand for premium baking ingredients continues to rise.
As part of Olam Group’s broader mission to “Re-imagine Global Agriculture and Food Systems,” ofi’s growth strategy emphasises environmental stewardship and farmer livelihoods.
The company’s integrated supply chain model, from farm to factory, positions it as a trusted partner for millers and bakers seeking reliable, ethically sourced ingredients.
With this financial boost, ofi is set to play a pivotal role in shaping the future of baking and milling, delivering both performance and purpose to the heart of the global food industry.
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