Latest news with #IndianConglomerate
Bloomberg
22-05-2025
- Business
- Bloomberg
Adani Ports Gets About $150 Million Loan From DBS for Capex
Adani Ports & Special Economic Zone Ltd. raised about $150 million through a bilateral loan agreement with DBS Group Holdings Ltd., according to people familiar with the matter, as the Indian conglomerate continues to restore lender confidence. The proceeds of the four-year dollar loan will be used for capital expenditure, the people said, asking not be identified because the information is private. The facility has been priced at about 200 basis points above the benchmark Secured Overnight Financing Rate, they said.
Bloomberg
14-05-2025
- Business
- Bloomberg
India's Shapoorji Nears Record $3.4 Billion Private Credit Deal
Privately-held Indian conglomerate Shapoorji Pallonji Group is aiming to sign a $3.4 billion debt deal as early as Wednesday evening, in what would be the country's biggest ever private credit deal, according to people familiar with the matter. About a dozen large investors, including Ares Management Corp., Cerberus Capital Management LP, Davidson Kempner Capital Management, and Farallon Capital Management participated in the deal, the people said, who asked not to be identified discussing private matters. Deutsche Bank is also investing, and will act as the sole arranger and the trustee, they added.
