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Adani pre-pays $200 mn Holcim debt, seeks loan extension: Report
short by Ananya Goyal / on Saturday, 29 April, 2023
Adani Cement Industries has reportedly pre-paid $200 million to help reduce a $1-billion mezzanine loan it took from global banks to acquire ACC and Ambuja Cements from Holcim Group. As per Bloomberg, the pre-payment will help the firm seek an extension of the debt by three years. The mezzanine loan is due for maturity in September 2024.
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