Singapore’s Wilmar International has mandated six banks to act as lead arrangers for the launch of US$1.5bn-worth of syndicated revolving credit facilities.

The agribusiness group will use the funds for general corporate purposes and working capital needs.

BNP Paribas, Citi, DBS, HSBC, OCBC and Sumitomo Mitsui Banking Corporation have been selected by Wilmar to syndicate the loans.

“Final documentation for the facilities is in progress and is expected to be signed shortly,” the trader says in a statement.