India’s Bharat Forge Said to Sign Six-Year Loan to Refinance

Jan. 31 (Bloomberg) -- Bharat Forge Ltd.’s $120 million loan has closed, according to a person familiar with the matter.

The Indian maker of steel parts for the automotive, earthmoving and oil industries signed the six-year facility prior to the lunar new year, after hiring Credit Agricole SA and Royal Bank of Scotland Group Plc to arrange the loan in October, the person said, asking not to be identified as details are private.

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To contact the editor responsible for this story: Katrina Nicholas at knicholas2@bloomberg.net