Olam International said the proceeds would be used to refinance existing debt, meet working capital requirements and cover general corporate funding needs.
"This refinancing is part of our proactive capital management strategy of diversifying our debt portfolio and achieving an optimum mix of tenor and overall borrowing cost," A. Shekhar, executive director of finance and business development at Olam, said in a statement.
Read MoreMitsubishi to buy at least 10% of Olam
The latest fund-raising exercise, coming on the heels of the Mitsubishi investment, should allay concerns over Olam, which was rocked by research reports from short-seller Muddy Waters in 2012 that questioned Olam's accounting practices.
Since then, Olam has outlined a plan to improve the cash it generates from operations and reduce the complexity of its sprawling business that includes everything from dairy to edible nuts and fertilizers.