MARKET DEVELOPMENT
Wilmar Ups Syndicated Loan Facility To $1.5 Bln
Wilmar Ups Syndicated Loan Facility To $1.5 Bln
31/10/2011 (Reuters) - Singapore's Wilmar International Ltd , the world's largest listed palm oil firm, said on Friday it has increased its $1.3 billion syndicated term loan facility to $1.5 billion.
The upsized portion of the loan facility will be used to refinance part of the A$600 million syndicated revolving credit facility to Australia-based Sucrogen Ltd, a wholly-owned subsidiary of Wilmar.