Adani Green Energy (AGEL) announced the successful repayment of its outstanding debt of $750 million, which was due on September 9, 2024. The repayment plan involves using $169 million from reserve accounts, $300 million from a joint venture deal with TotalEnergies, and $281 million from the initial tranche of promoter preferential allotment. AGEL fully defeased the bonds, reducing leverage significantly and meeting its strategic priorities. The successful equity capital raise of $1.425 billion, including a preferential issuance by promoters and funds from the TotalEnergies joint venture, played a crucial role in achieving this milestone.
Adani Green Energy Repays $750 Million Debt Eight Months Ahead of Maturity
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