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(Bloomberg) — Adani Green Energy Ltd. is seeking to raise as much as $1 billion through an offshore loan, according to people familiar with the matter, its first overseas borrowing since emerging from legal troubles in the US.
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The company is in early talks with lenders and advisors to raise a dollar loan, which may be raised in two tranches over the next three months, the people said, asking not to be identified because the information is private. The five-year facility will be priced over the benchmark Secured Overnight Financing Rate, or SOFR, they said.
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The loan proceeds will be used for various purposes, including capital expenditure, the people said, adding that discussions are at a preliminary stage and final terms may change.
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An Adani Energy spokesperson did not reply to an email seeking comment.
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Last month, billionaire founder Gautam Adani and his nephew Sagar agreed to pay $18 million to settle US Securities and Exchange Commission allegations that they made false and misleading representations about Adani Green Energy.
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The settlement removes a key overhang for the conglomerate and could help revive overseas fundraising efforts that were put on hold in November 2024 after US prosecutors charged Adani with driving a $250 million bribery scheme.
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The loans, if completed, would also provide a boost to India’s sluggish offshore loan market. Local borrowers have raised $9.6 billion so far in 2026, the slowest pace in four years, data compiled by Bloomberg show.
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—With assistance from P R Sanjai.
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English (US)