Suzlon Global Services May Raise USD243.8 Million in Debt Offering

Deal In Brief

Suzlon Global Services Limited, an India-based company engaged in designing and manufacturing wind energy generating equipment, may raise INR20 billion in non-convertible debt offering, and is in talks with JP Morgan for the same, two people in the know said

The renewable energy company will use proceeds from the issue to prepay its term debt, one of them said. Suzlon Energy had a debt of INR2,035 crore, as of December 2022.

Deal Value (US$ Million)	243.8
Deal Type	Private Placement
Sub-Category	None
Deal Status	Rumour: 2023-05-10

Deal Participants

Target (Company)	Suzlon Global Services Limited
Acquirer (Company)	Undisclosed Company

Deal Rationale

Suzlon will use proceeds from the issue to prepay its term debt.

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