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Redington (India)’s arm negotiates refinance loan from bank

18 May 2013 Evaluate

Redington (India)’s wholly owned subsidiary (WOS) - Redington International Mauritius (RIML), had taken a five year term loan of $78 million during February 2012, at all-inclusive interest rate of LIBOR plus 5.50% per annum.  RIML has now negotiated a refinance loan from a bank for the same amount and similar terms, but at a lesser all-inclusive interest rate of LIBOR plus 3.50% per annum and prepaid the existing loan. This refinance will reduce significantly the company’s interest cost by approximately $2.5 million over the next 4 year period.

Redington (India) is engaged in the business of vendor-authorized end-to-end supply chain management of information technology (IT) hardware and software products. The company distributes a range of IT products, such as networking, storage, and enterprise products, as well as servers and software solutions.

Redington Share Price

234.90 6.90 (3.03%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Redington 234.90
Adani Enterprises 2218.35
Amrapali Industries 17.53
Rashi Peripheral 455.25
PDS 301.45
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