Infrastructure India (GB:IIP) has released an update.
Infrastructure India plc has successfully negotiated extensions on the maturity dates for all its debt facilities to July 15, 2024, in alignment with the revised timeline for the sale of its asset, DLI. Additionally, the company has secured an increase of US$2.5 million to its term loan for working capital and funding needs, bringing the total principal to US$121.5 million. IIP’s related party transactions with its affiliated lenders have been reviewed and deemed fair by independent directors, in consultation with the company’s nominated adviser.
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