Adani in Talks for First Major Debt Refinancing After Hindenburg
- Wants to refinance up to $3.8 billion debt from Holcim deal
- Barclays, Deutsche, StanChart, MUFG among banks in talks
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Adani Group is in talks with lenders, including global banks, as it seeks to refinance up to $3.8 billion of a loan facility taken for its acquisition of Ambuja Cements Ltd. last year, said people familiar with the matter.
The ports-to-power conglomerate owned by Indian tycoon Gautam Adani is mulling whether to convert the original loan into debt with a longer maturity period and has started talking to banks individually about that plan, said the people, who asked not to be identified as the discussions are private.