MBCPNL completes refinancing of existing debt facilities
Sadbhav Infrastructure Projects announced that Maharashtra Border Check Post Network (MBCPNL), a subsidiary of the company has completed refinancing of its existing debt facilities with new debt taken from other lenders with revised terms and conditions as follows -Reduction in interest rates to 9.30% p.a. from the current level of 11% p.a.
Extension of the repayment pattern covering the majority balance concession period (debt to be repaid before 30 March 2030)
Option to raise additional debt up to Rs 520 crore.
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