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

    May 24, 2023 - Marketline - Deals


      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.

      (Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Marketline shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon.)


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