Displaying items by tag: Deutsche Bank

India: Adani Group has entered into a US$3.7bn refinance agreement with multiple banks to refinance the loan it took to acquire Holcim’s Indian business. Live Mint News has reported that the consortium of banks includes Deutsche Bank, Standard Chartered, Barclays, Citibank, MUFG Bank and Sumitomo Mitsui Banking Corporation. Sources ‘with direct knowledge of the matter’ reported that the refinance agreement will have a tenure of 36 months.

India: Adani Group has reportedly entered discussions with five banks in a search to refinance US$3.8bn-worth of loans taken for its acquisition of Holcim India. The Economic Times newspaper has reported that the group aims to secure funding by mid-July 2023. Potential participants in the refinancing round reportedly include Malaysia and Taiwan-based banks, as well as existing lenders Barclays, Deutsche Bank and Standard Chartered.

India: Adani Group told investors that it repaid a US$500m bridge loan for its acquisition of ACC and Ambuja Cements on 7 March 2023. The deal was completed in September 2022, and payment on the loan was due by 9 March 2023 at the latest. UK-based Barclays and Standard Chartered and Germany-based Deutsche Bank underwrote the loan.

Business Today Online News has reported that Adani Group is seeking to pre-pay its loans in order to allay investor concerns about its debt.