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Stock impact report

Adani in Talks With Banks to Borrow $600 Million for Gas Unit [Financial Post (Toronto, Ontario, Canada)]

TotalEnergies SE (TTE) 
Company Research Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly. Billionaire Gautam Adani's conglomerate is seeking an offshore loan of about $600 million to refinance existing debt, according to people familiar with the matter. Article content Article content The loan will be raised by Dhamra LNG Terminal Pvt., a unit of Adani Total Pvt., the people said, asking not be named because the details are private. The debt's tenor could range from three to five years, with the pricing likely linked to the Secured Overnight Financing Rate, they said. The port-to-power group is discussing the planned transaction with lenders including Credit Agricole, DBS Bank Ltd., BNP Paribas, Mitsubishi UFJ Financial Group Inc., and Mizuho Bank L Show less Read more
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