Adani Group Nears $3.5 Billion Loan to Refinance Debt After … – Bloomberg

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
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The Adani Group headquarters in Ahmedabad, India.
Billionaire Gautam Adani-controlled Adani Group has completed a $3.5 billion funding package to refinance debt used to purchase Ambuja Cements Ltd. and ACC Ltd., in a growing sign of confidence among creditors in the conglomerate that faced a scathing short seller attack in January.
“Adani Cement, through Endeavour Trade and Investment Ltd., has entered into definitive agreements” for the facility, the company said in a statement Friday. The dealBloomberg Terminal — among the top 10 biggest loans in Asia this year — was concluded with a group of 10 international banks with debt maturity of up to 3 years, the company said.

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