AAA Oils seeks A&E for part of $800m loan

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By Pan Yue
17 May 2019

AAA Oils and Fats (AAAOF), a trading subsidiary of palm oil processor and distributor Apical Group, is seeking to amend and extend the revolving credit facility tranche of a $800m borrowing from 2017.

The old borrowing was split into two tranches: a $350m four year term loan and a $450m two year revolver, which carried a two year accordion option.

The company is seeking consent from existing lenders to exercise the two year accordion option, extending the facility’s maturity from ...

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