Wilmar International, the world’s biggest palm oil processor, is seeking US$1.5 billion ($1.86 billion) of revolving loans, according to a person familiar with the matter.
The credit facility will be divided equally between a one-, two- and three-year loan, said the person, who asked not to be identified because the details are private. The one-year loans are being offered to banks with interest and fee payments, the so-called top level all-in pricing, of 95 basis points more than the London interbank offered rate.
The two-year facility is being marketed with all-in pricing of 120 basis points while the three-year portion is being offered at 140 basis points, the person said.
The credit facility will be divided equally between a one-, two- and three-year loan, said the person, who asked not to be identified because the details are private. The one-year loans are being offered to banks with interest and fee payments, the so-called top level all-in pricing, of 95 basis points more than the London interbank offered rate.
The two-year facility is being marketed with all-in pricing of 120 basis points while the three-year portion is being offered at 140 basis points, the person said.
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