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Vedanta Resources seeks $550 million refinancing

Vedanta Resources (VRL), the London-based parent of India's Vedanta, is looking at refinancing credit facility worth $550 million, and is discussions with several lenders from Middle East, Europe and Japan, sources aware of the development said. These high-interest borrowings are set to mature in 2026.

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Vedanta Resources seeks $550 million refinancing

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  1. VEDANTA RESOURCES SEEKS $550 MILLION REFINANCING

  2. Vedanta Resources (VRL), the London-based parent of India's Vedanta, is looking at refinancing credit facility worth $550 million, and is discussions with several lenders from Middle East, Europe and Japan, sources aware of the development said. These high-interest borrowings are set to mature in 2026.

  3. "VRL is in discussions with international banks to refinance a $550 million balance on its $1.25 billion private credit facility," said a source. First Abu Dhabi Bank, Mashreq, Abu Dhabi Commercial Bank, Commercial Bank of Dubai, Standard Chartered Bank, Barclays as well as Japan's Sumitomo Mitsui Banking Corporation are some of the banks with which Vedanta Resources is in discussions.

  4. Read more at: https://economictimes.indiatimes.com/industry/indl- goods/svs/metals-mining/vedanta-resources-seeks- 550-million- refinancing/articleshow/121629929.cms?from=mdr

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