According to reports, Adani Cement Industries Ltd. has reduced a $1 billion mezzanine loan from international banks that was obtained for the purpose of buying the Indian divisions of Holcim Ltd. Adani announced a deal to buy the Indian business of Holcim, a Swiss company, in May of last year for $10.5 billion.

Bloomberg said that the corporation prepaid $200 million last week, paring the loans, citing insiders. According to the article, the payments will allow Adani Conglomerate to ask for a three-year extension of the debt that was incurred to finance the transaction.

Adani received a $4.5 billion loan from banks to fund the transaction. September 2024 marked the maturity date of the mezzanine loan.

Adani has repaid approximately $2 billion in share-backed loans, made bond repayments on time, and secured a $1.9 billion investor from Rajiv Jain's GQG Partners since Hindenburg Research released its damning report on the company, sending its stocks and bonds tumbling.

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