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Wilmar International secures $1.5B loan facility

Wilmar International Ltd.'s wholly owned subsidiary Wii Pte. Ltd. secured a $1.50 billion syndicated loan facility on May 23, according to a news release.

The Singapore-based agribusiness said the facility will be used to refinance existing debt and for general corporate purposes.

DBS Bank Ltd., The Hong Kong and Shanghai Banking Corp. Ltd., Mizuho Bank Ltd., MUFJ Bank Ltd., Oversea-Chinese Banking Corp. Ltd., United Overseas Bank Ltd. and Westpac Banking Corp. Ltd. are the mandated lead arrangers and book-runners in the transaction.