DBS Bank India Limited extended multiple facilities aggregating to INR 700 Crores to various Indian subsidiaries of one of Asia’s leading renewable energy company, for their respective projects

  • Deal
  • April 13, 2023

JSA advised DBS Bank India Limited (“DBS”) in relation to a structured multiple- borrower, multiple facilities line extended by DBS to various Indian subsidiaries (“Borrowers”) of one of Asia’s leading renewable energy company, for their respective projects. The transaction included DBS Bank providing multiple facilities namely, term loans, working capital facilities, bank guarantees, letters of credit, sales invoice financing, purchase invoice financing, overdraft, etc. under an umbrella facility agreement, with accession mechanisms for new borrowers from time to time. We assisted DBS Bank with the structuring, drafting, negotiations, finalisation, and execution of the financing documents.

Our Transaction Team Comprised Lead Partner – Soumitra Majumdar, Partner – Utkarsh Bandhu, Associate – Deboshree Mukherjee.