The company, which is a subsidiary of GMR Airports Ltd and GMR Infrastructure Ltd (GMR Group), has entered a purchase agreement to issue and allot $350 million of 4.25 per cent senior secured fixed rate notes of 10 year tenure.
"The proceeds from the Notes will be used to entirely refinance the current outstanding Rupee Term Bank Loan (RTL), Bank External Commercial Borrowing (ECB) and towards partial funding of proposed capital expenditure," the company said in a statement.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.