Vedanta Resources makes upfront payment of $779 million to bondholders under restructuring exercise

Vedanta Resources Ltd completed repayments to bondholders as part of the debt restructuring exercise, making an upfront payment of USD 779 million. The company also secured a USD 1.25 billion loan from private credit lenders to refinance/repay debt and announced a significant demerger and reorganization plan.

Feb 10, 2024 - 14:00
Vedanta Resources makes upfront payment of $779 million to bondholders under restructuring exercise
Vedanta Resources Ltd completed repayments to bondholders as part of the debt restructuring exercise, making an upfront payment of USD 779 million. The company also secured a USD 1.25 billion loan from private credit lenders to refinance/repay debt and announced a significant demerger and reorganization plan.