The founder of Avaada, a major Indian clean-energy company backed by Brookfield, is reportedly seeking roughly $750 million in new financing from a group of global lenders, according to people familiar with the matter. The planned borrowing is intended to refinance existing obligations of Avaada Ventures, the vehicle associated with the group’s Brookfield-linked financing.
Multiple sources say the proceeds would be used to repay a $1 billion credit facility that Brookfield issued in 2023 to Avaada Ventures. The reports characterize the move as a refinancing effort rather than new funding for unrelated activities. The lenders involved in the proposed $750 million package, as well as the timing and final terms, are not specified in the available accounts.
Overall, the information centers on the size of the proposed loan and its purpose: to refinance and repay a Brookfield credit facility that is already in place. The reports attribute the details to people close to the discussions.
