Shriram Finance launches $460 million debt tender offer
after close1 source ↓written by the desknot a recommendation
- of its senior
- $460 million
- notes maturing
- 2027 and 2028
- of 6.625 notes
- $300 million
- of 6.15 notes
- $160 million
- tender consideration
- $1,000
Shriram Finance announced a cash tender offer to repurchase up to $460 million of its senior secured notes maturing in 2027 and 2028. The offer targets $300 million of 6.625% notes due 2027 and $160 million of 6.15% notes due 2028, with a tender consideration of $1,000 per $1,000 principal amount. This move aims to reduce the company's dollar debt stack significantly.
Not investment advice. For informational purposes only.