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  "documentTitle": "Olam International Ltd. (SGX:O32)",
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  "notes": "The slide presents a conservative model of Olam's debt obligations and liquidity requirements, highlighting a high risk of financial distress.",
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      "text": "Assuming that Olam requires a minimum of S$100 million in cash on hand to continue operating, we believe that Olam may have to raise or refinance S$4.6 billion in debt in the next twelve months to stay solvent.",
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      "text": "Debt Repayment: S$4.6 billion",
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      "text": "Notes 1-4 explaining the data sources and assumptions for the debt repayment schedule.",
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      "text": "Olam CEO Sunny Verghese defiantly announced plans to spend an average of S$226 million to S$308 million on investments per quarter over the next three years.",
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      "text": "Footnotes 33 and 34 detailing management guidance and Bloomberg source.",
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