Aditya Birla Renewables Limited has secured a $1.6 billion term loan facility from Mitsubishi UFJ Financial Group (MUFG) for the proposed acquisition of Solenergi Power Private Limited, which includes the Sprng Energy group of companies.
MUFG acted as the mandated lead arranger, underwriter and bookrunner for the transaction. The deal is among the larger acquisitions in India’s renewable energy sector.