Adani in Talks for $3.5 Billion, One of Top Asia Loans This Year
- Some banks to lend about $400m each, others smaller amounts
- Talks a sign Adani is back to normal business post Hindenburg
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Adani Group is in talks with banks to refinance debt taken on to fund its purchase of Ambuja Cements Ltd, with lenders divided into three categories in what could be one of Asia’s largest syndicated loan deals of the year.
Banks are likely to refinance a total of $3.5 billion, according to people familiar with the matter, who asked not to be named because the matter is private. Adani would repay at least $300 million on the original Ambuja facility, they said.