Highways Infrastructure Trust Secures Rs 82.5 Billion Term Loan

21 Feb 2025 CW Team

The financing, structured as a Rupee Term Loan with the loan tenure of upto 17 years, has been supported by seven leading financial institutions, including Axis Bank, HDFC Bank, ICICI Bank, India Infrastructure Finance Company Limited (IIFCL), IndusInd Bank, Punjab National Bank (PNB), and State Bank of India (SBI). The funds will be utilised for meeting the financing needs of TOT Bundle 16 and the portfolio of 12 road assets from PNC Infratech.

Commenting on the development, Gaurav Chandna, Executive Director and Joint CEO, Highways Infrastructure Trust, said, “We are pleased to announce the successful tie-up of rupee term loan facilities amounting to Rs 82.5 billion. The overwhelming response from banks and NBFCs, including participation from all our existing lenders and the addition of three new financial partners, is a testament to the strong confidence in our business model and growth strategy. This milestone underscores the trust our financial partners and stakeholders have placed in us. The continued support from our lending partners strengthens our ability to pursue strategic opportunities, enhance our portfolio, and drive sustainable long-term growth. We remain committed to honouring this confidence through disciplined execution and value creation.”

Adding to this, Abhishek Chhajer, Chief Financial Officer, Highways Infrastructure Trust, said, “We have successfully secured one of the largest financing arrangements by any InvIT in India, at highly competitive pricing. This Rs 82.5 billion facility, linked to external benchmark rates, highlights the confidence of leading banks in our robust business model and growth trajectory. This strategic move strengthens our financial flexibility to drive value creation for our unitholders.”

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Highways Infrastructure Trust (HIT), a SEBI-registered infrastructure investment trust (InvIT), announced securing Rs 82.5 billion in debt financing. This financing is one of the largest debt arrangements by an InvIT in India, thus strengthening HIT’s long-term growth prospects. The financing, structured as a Rupee Term Loan with the loan tenure of upto 17 years, has been supported by seven leading financial institutions, including Axis Bank, HDFC Bank, ICICI Bank, India Infrastructure Finance Company Limited (IIFCL), IndusInd Bank, Punjab National Bank (PNB), and State Bank of India (SBI). The funds will be utilised for meeting the financing needs of TOT Bundle 16 and the portfolio of 12 road assets from PNC Infratech. Commenting on the development, Gaurav Chandna, Executive Director and Joint CEO, Highways Infrastructure Trust, said, “We are pleased to announce the successful tie-up of rupee term loan facilities amounting to Rs 82.5 billion. The overwhelming response from banks and NBFCs, including participation from all our existing lenders and the addition of three new financial partners, is a testament to the strong confidence in our business model and growth strategy. This milestone underscores the trust our financial partners and stakeholders have placed in us. The continued support from our lending partners strengthens our ability to pursue strategic opportunities, enhance our portfolio, and drive sustainable long-term growth. We remain committed to honouring this confidence through disciplined execution and value creation.” Adding to this, Abhishek Chhajer, Chief Financial Officer, Highways Infrastructure Trust, said, “We have successfully secured one of the largest financing arrangements by any InvIT in India, at highly competitive pricing. This Rs 82.5 billion facility, linked to external benchmark rates, highlights the confidence of leading banks in our robust business model and growth trajectory. This strategic move strengthens our financial flexibility to drive value creation for our unitholders.”

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