Adani Group to fundraise $4.5 bn through offshore loans

13 Jun 2022 CW Team

Adani Group, which recently had acquired Holcim, is in talks with over a dozen foreign banks to raise $4.5 billion through a mix of overseas loan instruments.

It will be one of the biggest loan-based fundraisings in foreign currency by an Indian firm. Tenured instruments, like bonds offering pre-specified coupons, are usually sold overseas to raise large cash.

The loan includes mezzanine financing, stock-backed bridge loans to be paid back in cash, and a senior debt facility for 18 months. The last of these structured instruments could be refinanced later with either a long-term bond or loan.

Proceeds from the latest fundraising will be used to part-finance the acquisition of Holcim’s stakes in Ambuja Cements and ACC.

The senior debt facility will fundraise $3 billion, while the mezzanine line will raise $1 billion. The bridge loan with 1-3 years maturities is pegged at $500 million and would be paid back in cash.

Adani group will raise $4.5 billion through a mix of offshore loans. The mezzanine loan will be priced between 7-8%. The loans are expected to be priced after adding 450 basis points to the Secured Overnight Financing Rate (SOFR).

Some of the included banks are BNP Paribas, Citi, JP Morgan, MUFG, Mizuho Bank, SMBC and a few Middle East-based lenders.

Mezzanine financing is a mix of debt and equity financing, which gives the right to convert the debt to equity in case of default.

The company is exploring the capacity of each bank to lend. Each bank may lend between $200-500 million.

Adani Group plans to spread the syndication to only three banks. The three banks underwrote the whole sum offering about $1.8 billion each. It also plans to bring in $3 billion as promoter equity.

The Adani Group is acquiring the two companies for $10.5 billion. The open offers for Ambuja Cements and ACC will begin on 6 July and close on 19 July.

Image Source

Also read: Holcim Group to sell Ambuja Cement and ACC Ltd

Adani Group, which recently had acquired Holcim, is in talks with over a dozen foreign banks to raise $4.5 billion through a mix of overseas loan instruments. It will be one of the biggest loan-based fundraisings in foreign currency by an Indian firm. Tenured instruments, like bonds offering pre-specified coupons, are usually sold overseas to raise large cash. The loan includes mezzanine financing, stock-backed bridge loans to be paid back in cash, and a senior debt facility for 18 months. The last of these structured instruments could be refinanced later with either a long-term bond or loan. Proceeds from the latest fundraising will be used to part-finance the acquisition of Holcim’s stakes in Ambuja Cements and ACC. The senior debt facility will fundraise $3 billion, while the mezzanine line will raise $1 billion. The bridge loan with 1-3 years maturities is pegged at $500 million and would be paid back in cash. Adani group will raise $4.5 billion through a mix of offshore loans. The mezzanine loan will be priced between 7-8%. The loans are expected to be priced after adding 450 basis points to the Secured Overnight Financing Rate (SOFR). Some of the included banks are BNP Paribas, Citi, JP Morgan, MUFG, Mizuho Bank, SMBC and a few Middle East-based lenders. Mezzanine financing is a mix of debt and equity financing, which gives the right to convert the debt to equity in case of default. The company is exploring the capacity of each bank to lend. Each bank may lend between $200-500 million. Adani Group plans to spread the syndication to only three banks. The three banks underwrote the whole sum offering about $1.8 billion each. It also plans to bring in $3 billion as promoter equity. The Adani Group is acquiring the two companies for $10.5 billion. The open offers for Ambuja Cements and ACC will begin on 6 July and close on 19 July. Image Source Also read: Holcim Group to sell Ambuja Cement and ACC Ltd

Products

07 Jul 2026

EUROBOND Expands NABL Accreditation to 51 Testing Parameters

EUROBOND, the flagship brand of Euro Panel Products, has expanded the National Accreditation Board for Testing and Calibration Laboratories (NABL) accreditation of its in-house laboratory from 16 to 51 mechanical and chemical testing parameters, making it the only Indian aluminium composite panel (ACP) manufacturer with accreditation covering such an extensive testing scope.The expanded accreditation enables the company to independently test coils, coatings, cores, aluminium composite panels (ACP) and metal composite panels (MCP) in accordance with international standards, including IS, ASTM, ..

Real Estate

07 Jul 2026

Dubai Property Sales Rise as Rental Activity Hits Record High

Dubai's real estate market recorded its highest-ever monthly rental activity in June, while property sales rose sharply in both value and volume, reflecting sustained demand across the emirate's residential and commercial sectors.According to a market analysis by fäm Properties based on DXBinteract data, 40,022 rental contracts were registered during the month, the highest monthly total on record. New rental contracts increased 48.6 per cent year on year to 19,245, while renewals rose 28.5 per cent to 20,777.Property sales reached 13,933 transactions worth AED33.2 billion in June, representin..

Real Estate

07 Jul 2026

Isprava Partners Courtside to Launch Luxury Padel Experience

Luxury home developer Isprava has partnered with Courtside, Mumbai's first padel social club, to launch The Isprava Court, integrating its design-led lifestyle proposition with one of the city's emerging sporting destinations.Located on the rooftop of Atria Mall in Worli, Courtside spans 20,000 sq ft and combines padel, wellness, hospitality and community experiences. Since opening in February 2026, the venue has positioned itself as a social hub for sports and lifestyle enthusiasts.The Isprava Court features curated brand elements, including bespoke court branding, branded nets, towels and ac..