Debt

Debt financing

Aditya Birla Renewables secures $1.5 B financing from Japan’s MUFJ to buy Shell’s energy assets: rep

Economic Times  

Aditya Birla Renewables has lined up approximately USD 1.5 Billion in acquisition financing from Mitsubishi UFJ Financial Group to fund its purchase of the renewable energy assets from Shell. The financing facility has a five-year tenor and will be raised through the external commercial borrowing (ECB) route.Aditya Birla Renewables, a unit of the Aditya Birla Group, is acquiring 100% of Solenergi Power (under Sprng Energy) to gain control of its five-gigawatt renewable energy portfolio. The company plans to fund the acquisition through a combination of debt and equity, with the equity to be injected by its parent firm, Grasim Industries, and Global Infrastructure Partners.Mitsubishi UFJ Financial Group has solely underwritten the loan facility, which is priced at roughly 160 basis points over the Secured Overnight Financing Rate. The firm intends to down-sell a portion of the loan once the syndication process commences.

Between Oct 2015 and Dec 2025, Aditya Birla Renewables had attracted about $ 357 M from Global Infrastructure Partners and Abraaj Group.For FY25, Aditya Birla Renewables had reported about INR 379 Cr in Operating Income and about INR 83 Cr in PAT.