Wilmar International Ltd. (WIL), the world’s biggest palm-oil processing company, is in talks with banks to extend a $614 million revolving credit facility for another 12 months, according to a person familiar with the matter.
The facility, part of a larger three-part loan, was signed last year and matures in April, the person said, asking not to be identified because the details are private. Most of Wilmar’s relationship banks are expected to agree to the extension, the person said.
The main lenders to last year’s facility were BNP Paribas SA, Citigroup Inc., DBS Group Holdings Ltd., HSBC Holdings Plc (HSBA), Oversea-Chinese Banking Corp. and Sumitomo Mitsui Banking Corp., according to data compiled by Bloomberg. DBS is leading the extension talks, the person said today.
To contact the editor responsible for this story: Katrina Nicholas at firstname.lastname@example.org