Adani Power has informed that consequent to the enhancement in the credit rating of the Company to AA-, which followed the amalgamation of its six Special Purpose Vehicles (‘SPVs’) with itself, the Company has consolidated the standalone term loan facilities of the SPVs into a single long-term Rupee term loan facility of Rs 19,700 crore under a consortium financing arrangement comprising eight lenders. The revised arrangement will allow the Company to benefit from uniform terms and greater financial flexibility in addition to reducing the effective rate of interest.
The above information is a part of company’s filings submitted to BSE.
