Fri 11/03/2023 04:28 AM
Vedanta Resources Ltd., or VRL, is in discussions with Cerberus Capital Management, Davidson Kempner Capital Management, Ares Management, Varde Partners and Standard Chartered Bank to raise a $1.25 billion 2.5-year amortizing loan to finance the proposed liability management exercise, or LME, of its USD bonds due in January 2024, August 2024 and March 2025, two sources close to the situation said.
While Cerberus is in discussions to provide $350 million and Davidson Kempner around $250...
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2024 Reorg Research, Inc. All rights reserved.