The founder of Avaada Group, a Brookfield-backed renewable energy developer, is seeking roughly $750 million in loans from a group of global lenders, according to people familiar with the matter. The proposed borrowing is intended to refinance the firm’s existing debt. One report says the proceeds would be used to repay a $1 billion credit facility issued by Brookfield in 2023 to Avaada Ventures. Another outlet describes Avaada Group as one of India’s larger clean-energy companies with a portfolio spanning solar, wind and hybrid power projects, through entities including Avaada Energy. Financial Post similarly frames the plan as a refinancing effort of existing obligations, rather than new investment, and does not cite additional terms such as interest rates, timing, or lender identities. The reports agree on the key point that Avaada’s founder is pursuing about $750 million and that the borrowing is connected to repayment or refinancing of prior credit arranged with Brookfield. No official statement from the company or Brookfield is included in the provided excerpts.
Avaada founder seeks $750 million loan to refinance existing Brookfield-backed debt
The founder of Avaada Group, a Brookfield-backed renewable energy developer, is seeking roughly $750 million in loans from a group of global lenders, according to people familiar with the matter. The...
- Avaada Group’s founder is seeking about $750 million from global lenders.
- The loan is intended to refinance existing debt.
- One credit facility to be repaid was issued by Brookfield in 2023 to Avaada Ventures, reportedly totaling $1 billion.
- Avaada Group operates in renewable energy, including solar, wind and hybrid power projects.
- The reports cite people familiar with the matter and do not provide lender details or finalized terms.
The proceeds will be used to repay a $1 billion credit facility that was issued by Brookfield in 2023 to Avaada Ventures, people known to the matter said.
1 month agoAvaada Group, which includes Avaada Energy, is one of India's fastest-growing renewable energy developers with a portfolio spanning solar, wind and hybrid power projects
1 month agoThe founder of Avaada Group, one of India’s largest clean-energy company, is planning to borrow about $750 million from a group of global lenders to refinance the firm’s existing debt, according to people familiar with the matter.
1 month ago
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