AAA Oils slides in for $640m dual-trancher

Oil Palm_230px
By Rashmi Kumar
15 May 2014

AAA Oils and Fats (AAAOF), a trading subsidiary of palm oil processor and distributor APICAL Group, is in the market for a loan of up to $640m, split between three and five year tenors.

The borrower is arranging the loan itself, according to a banker. It is split between a $350m three year revolver, which comes with a $150m greenshoe option, and a $100m five year term loan with a $40m greenshoe.

The two loans are priced at 280bp and 350bp ...

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