Adani Green Energy Limited (AGEL), through its subsidiary Adani Solar Energy AP Six Private Limited, has raised Japanese Yen (JPY) denominated facility to refinance its debt.
The facility will amortise project loan facility of JPY 27.95 billion and assess the 16-year debt structure with door-to-door tenor of 10 years and average tenor of more than 8 years. MUFG Bank and Sumitomo Mitsui Banking Corporation shall support the transaction in equal participation as principal lenders for the facility. Latham & Watkins LLP and Cyril Amarchand Mangaldas are legal counsels for the transaction.