JSA advised Hindustan Gateway Container Terminal Kandla Private Limited in relation to a loan amounting up to INR 37.9 billion (Indian Rupees Three Thousand Seven Hundred and Ninety Crores only) (“Loan”) to be availed from a consortium of lenders consisting of National Bank for Financing Infrastructure and Development (“NABFID”) and Axis Bank Limited (“Axis Bank”).
An amount of INR 17.5 billion (Indian Rupees One Thousand Seven Hundred and Fifty Crores only) will be provided by each of NABFID and Axis Bank by way of a term loan. Additionally, guarantee facility amounting up to INR 1.4 billion (Indian Rupees One Hundred and Forty Crores only) and hedge facility amounting up to INR 1.5 billion, (Indian Rupees One Hundred and Fifty Crores only) will be provided by Axis Bank.
The Loan will be utilised for the purpose of inter alia part-financing the development of a container terminal at Tuna-Tekra, Deendayal Port, Gujarat for an overall enhanced capacity of 2.682 million twenty-foot equivalent units.
Our transaction team comprised of Lead Partner – Soumitra Majumdar, Partner – Abhishek Ray and Principal Associate – Abhay Agarwal.
Abhay specializes in Insolvency & Restructuring, Banking & Finance and Financial Services. He has extensive experience in advising lenders, resolution professional and resolution application in insolvency and restructuring related matters.