Adani in Talks With Banks to Borrow $600 Million for Gas Unit
by Bloomberg
Bloomberg— Billionaire Gautam Adani’s conglomerate is seeking an offshore loan of about $600 million to refinance existing debt, according to people familiar with the matter.
Business Today—Gautam Adani in talks with banks to borrow $600 million for gas unit: Report. Billionaire Gautam Adani’s conglomerate is seeking an offshore loan of about $600 million to refinance existing debt. The loan will be raised by Dhamra LNG Terminal Pvt, a unit of Adani Total Pvt, Bloomberg reported quoting people in knowledge of the development. The debt’s tenor could range from three to five years, with the pricing likely linked to the Secured Overnight Financing Rate, the report said.The port-to-power group is discussing the planned transaction with lenders, including Credit...
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PYMNTS.com—Aeropay Raises $20 Million for Pay-by-Bank Offering. Digital payments company Aeropay has raised $20 million in new financing. The company, which specializes in pay-by-bank, announced the Series B funding in a Thursday (May 16) press release, saying it would use the financing to develop new products, enhance strategic partnerships and “explore greenfield opportunities.” Aeropay, which got its start in the cannabis and gaming industries, connects bank accounts […]