Debt

Debt financing

Greenko Energy raises $800-M loan to buy out 20% stake of Japan’s Orix

Economic Times  

Founders of Hyderabad-headquartered Greenko Energy Holdings, Anil Chalamalasetty and Mahesh Kolli, have raised a USD 800 million private credit loan from Temasek-backed Clifford Capital and BlackRock, to buy Japan-based Orix Group's 20% stake in the company. The financing was arranged via AM Green Power and was raised at 11.5-12%. It was syndicated by Deutsche Bank and Barclays.In January, Orix had agreed to sell its 20% stake in Greenko to AM Green Power, owned by Greenko founders, for USD 1.46 Billion.