Aravali Infrapower has secured a Rs10.4 billion debt package through sole bookrunner and mandated lead arranger State Bank of India.
The facility is split into a Rs626 million 10-year term loan, a Rs60 million five-year term loan, a Rs2.4 billion 10-year term loan, a Rs1 billion 10-year term loan, a Rs21 million four-year term loan and a Rs6.3 billion one-year revolver.
Syndication saw 12 banks join in as participants.
Proceeds are to repay existing indebtedness and for working capital purposes.
Videocon Hydrocarbon Holdings’ $115 million two-year-and-11-month term loan was completed on Monday January 21 through...