Debt

Debt financing

Birla Carbon raises $750-M from 15 banks via sustainability funding

Business Line  

Birla Carbon, an Aditya Birla Group company, has raised USD 750 million through sustainability-linked loan from a syndicate of over 15 banks. The proceeds will be used to refinance Birla Carbon's existing debts. ANZ Group is the sole sustainability coordinator for this deal. Early this year, Birla Carbon announced plans to achieve net zero carbon emissions by 2050. The company's footprint extends across 12 countries with 16 manufacturing facilities. Early this year, Birla Carbon announced plans to achieve net zero carbon emissions by 2050.