Suzlon Completed its CDR for the Rs.9500 Cr (Total Debt Rs.13705 cr)i.e.1.8 bn. The Promoter has already infused amount of Rs.125 cr.
The CDR Plan covers a 10 year door-to-door back-ended repayment plan;
1.Reduction in interest rates by approximately three per cent; a two year moratorium on
principal and term-debt interest payments; enhancement of working capital facilities, and
equity allotment to the CDR lenders
2.The first phase of the allotment, for 30.24 crore shares at an issuance price of Rs 18.51
per-share, to CDR lenders was completed. The new shares issued will be subject to
a lock-in period of one year from the date of allotment.
The CDR Plan covers a 10 year door-to-door back-ended repayment plan;
1.Reduction in interest rates by approximately three per cent; a two year moratorium on
principal and term-debt interest payments; enhancement of working capital facilities, and
equity allotment to the CDR lenders
2.The first phase of the allotment, for 30.24 crore shares at an issuance price of Rs 18.51
per-share, to CDR lenders was completed. The new shares issued will be subject to
a lock-in period of one year from the date of allotment.
Company is in the talk for the FCCB Restructuring and Bond Folders for the Debt.