Adani Green Energy raises Japanese yen denominated refinancing facility

Adani Green Energy Limited (AGEL), through its subsidiary Adani Solar Energy AP Six Private Limited, has raised a Japanese yen denominated facility to refinance its debt. The facility will amortise a project loan facility of JPY 27.95 billion and assess the 16-year debt structure with a door-to-door tenor of 10 years and average tenor of over eight years. MUFG Bank and the Sumitomo Mitsui Banking Corporation shall support the transaction in equal participation as principal lenders for the facility. Latham & Watkins LLP and Cyril AmarchandMangaldas are le­gal counsels for the transaction.