InfoSAWIT, SINGAPORE – Wilmar International Limited has increased its syndicated loan facility from US$1.5 billion to US$1.8 billion following strong demand from financial institutions during the syndication process, resulting in oversubscription.
According to the company, the financing package consists of a five-year revolving credit facility worth US$1.44 billion and a five-year term loan facility totaling US$360 million.
The financing arrangement was led by several major financial institutions acting as mandated lead arrangers and bookrunners (MLABs), including Bank of China Singapore Branch, DBS Bank, HSBC Singapore Branch, Maybank Securities and its affiliates, Oversea-Chinese Banking Corporation (OCBC), and United Overseas Bank (UOB).
Overall, the facility is supported by 48 lenders, comprising six MLABs and 42 participating financial institutions, with HSBC serving as sole coordinator and facility agent.
The loan facility was extended to Wii Pte. Ltd., Wilmar’s wholly owned subsidiary, and carries a corporate guarantee from Wilmar International.
Funds raised through the facility will be used to refinance existing debt while supporting corporate requirements and working capital needs across the Wilmar Group.
Deputy Chief Operating Officer and Chief Financial Officer of Wilmar, Charles Loo Cheau Leong, said the expanded facility strengthens the company’s funding flexibility amid ongoing global market volatility.
“This transaction enhances the Group’s funding flexibility and strengthens our balance sheet resilience. We appreciate the continued support from our banking partners, which reflects their confidence in our management team and the Group’s long-term strategy,” Charles Loo said in the company’s official statement quoted by InfoSAWIT on Monday (June 1, 2026).
Wilmar noted that the strong response from banking institutions signals positive confidence in the long-term outlook of the Singapore-based agribusiness giant.
As one of Asia’s largest agribusiness groups, Wilmar operates an integrated business model spanning the entire agricultural commodity value chain, from sourcing and processing to branding, trading, and distribution of food and industrial products.
The company manages more than 1,000 manufacturing facilities and maintains an extensive distribution network covering China, India, Indonesia, and approximately 50 other countries and regions worldwide. (T2)
