Energy Central Professional


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

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.

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