Olam Liquidity Crisis. Olam would bankrupt if it is not Temasek CPF Link Company?

[gingerlyn]

Olam International gets $2.78 billion revolving credit facility
- See more at: http://www.straitstimes.com/news/bu...credit-facility-20140519#sthash.hue404Im.dpuf


Commodities trader Olam International announced on May 19 that it has secured a US$2.22 billion (S$2.78 billion) revolving credit facility.

Proceeds from the facility will be used to refinance existing debt, and for its working capital and general corporate funding needs.

Various banks such as the Australia and New Zealand Banking Group (ANZ) and HSBC banks are appointed senior mandated lead arrangers, while banks such as DBS Bank and National Australia Bank are the mandated lead arrangers.

Mr A. Shekhar, Olam executive director of finance and business development, said:

- See more at: http://www.straitstimes.com/news/bu...credit-facility-20140519#sthash.hue404Im.dpuf

 

[gingerlyn]

Olam will bankrupt soon and our cpf money will be gone.

Olam stops staff going to Guinea, Liberia and Sierra Leone; forms Ebola crisis committee -

 

[greenies]

Olam business model is very risky because of the politics.
They mostly rely on other countries' produces, which are at the mercy of those countries' rulers.
May be, whoever the ruler they put them in their pocket?
Then, it is too costly.

 

[Equalisation]

Yes. Olam will become Owlam noodles without help !!:o