Suzlon Energy Ltd, the world’s third largest wind turbine group, on Friday announced BSE that the company has completed the payment of its entire outstanding acquisition loan facility of about $780 million.
The payment was made from the proceeds of a partial stake sale in Hansen Transmissions International NV in addition to a new five-year loan of $465 million from SBI.
The process has also enabled the company to achieve a net reduction in overall debt by about $350 million.
In addition, Suzlon has also achieved significant progress in the consolidation and refinancing of existing rupee denominated term loans and working capital loans through new debt facilities from a syndicate of banks.
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