Adani group to raise as much as $4.5 billion via a mix of offshore loans
The proposed loan structures include mezzanine financing, stock-backed bridge loans to be repaid in cash, and a senior debt facility for 18 months. The last of these structured instruments could be refinanced later with either a long-term bond or loan. The Adani Group is acquiring the two companies for $10.5 billion. The Adani Group is reportedly planning to bring in $3 billion as promoter equity.
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