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

Infrastructure Urban

05 May 2026

Meghalaya And Assam Hold Talks To End Transport Stoppages In Garo Hills

Meghalaya and Assam have opened talks aimed at ending recent stoppages of commodity transport in the Garo Hills, officials said. The deputy chief minister, in charge of home affairs, reported that both state governments are coordinating to resolve disruptions and to restore normal movement of goods. He acknowledged that misunderstandings may have contributed to the incidents and that clarification between administrative units is under way. The discussions are intended to produce practical arrangements that will allow consignments to move without hindrance while respecting local procedures. The..

Infrastructure Transport

05 May 2026

Kochi Metro Records 1.375 mn Rise In Passengers In FY26

Kochi Metro recorded a marginal rise in ridership in the financial year 2025-26, carrying 1.375 mn more passengers than in the previous year. The service carried 36.8 million (mn) passengers in 2025-26 compared with 35.5 mn in 2024-25, representing a year-on-year increase of 3.9 per cent. The growth was described as distributed rather than concentrated in isolated spikes. A month-wise analysis shows steady gains across quarters. In the first quarter, ridership increased from 8.57 mn to 8.84 mn, while the second quarter rose from 9.13 mn to 9.51 mn. These trends indicated broad-based improvemen..

Infrastructure Transport

05 May 2026

Ghaziabad Plans 16km Metro Link To Delhi Via Hindon Airport

Ghaziabad authorities are pursuing a 16 km metro link to Delhi that will run via Hindon Airport, and a detailed project report is under way. The plan is intended to improve connectivity between Ghaziabad and the national capital and to provide an interchange with the airport. Officials said the project is being studied to assess alignments, station locations and cost estimates ahead of formal approvals and tendering. The announcement follows the inauguration of the Delhi?Faridabad metro extension, which will offer hassle free travel for around 0.2 mn daily commuters between the national capita..