JLR inks pact with Chinese lenders for term loan of $704.5 million

Jaguar Land Rover (JLR), owned by Tata Motors, has entered into agreements with lenders in China for a secured term loan facility of $704.5 million, marking its first debt financing in China, it said.
 

They said the Chinese banks that would provide it with the three-year revolving loan include Bank of China, ICBC, China Construction Bank, Bank of Communications and Shanghai Pudong Development Bank.