MUMBAI: Adani Group has raised $3.5 billion from ten global banks to refinance the debt used for the purchase Ambuja cements and ACC, a sign that the company is past the Hindenburg crisis. The refinancing will result in total cost savings of $300 million Adani Cementsaid a company statement.
‘Adani Cement, by Pursue trade and investmenthas entered into definitive agreements for the facility, the company said in a statement Friday. The deal among the top 10 largest loans in Asia this year was made with a group of ten international banks with debt maturities of up to three years. the company said.
Endeavor was set up by the Adani group to acquire Ambuja and ACC from the Holcim group for $6.6 billion in 2022. The statement from the Gautam Adani-led group said the completion of the refinancing will enhance its ability to access gain access to the global financial market and underlines its strong position. financial position.
The $3.5 billion facility is part of Adani Cement’s strategic capital management plan, which was prepared in September 2022.
‘Adani Cement, by Pursue trade and investmenthas entered into definitive agreements for the facility, the company said in a statement Friday. The deal among the top 10 largest loans in Asia this year was made with a group of ten international banks with debt maturities of up to three years. the company said.
Endeavor was set up by the Adani group to acquire Ambuja and ACC from the Holcim group for $6.6 billion in 2022. The statement from the Gautam Adani-led group said the completion of the refinancing will enhance its ability to access gain access to the global financial market and underlines its strong position. financial position.
The $3.5 billion facility is part of Adani Cement’s strategic capital management plan, which was prepared in September 2022.
