Adani Electricity Announces Buyback Of $120 Million Senior Secured Notes
NDTV
The tender offer is being fully funded through its cash surplus and internal accruals and will help reduce the leverage of the company in line with the Adani portfolio companies to consistently improve financial matrices, it said.
Adani Energy Solutions' arm Adani Electricity Mumbai has announced a tender offer to buyback part of its outstanding senior secured notes worth USD 120 million, which are due in 2030.
"The distribution arm of Adani Energy Solutions Ltd, Adani Electricity Mumbai Limited, today announced a tender offer to buyback up to USD 120 million of its outstanding 3.949% USD 1,000 million senior secured notes due 2030," a company statement said on Monday.
The tender offer is being fully funded through its cash surplus and internal accruals and will help reduce the leverage of the company in line with the Adani portfolio companies to consistently improve financial matrices, it said.
