Corporate Action21 Sept 2026, 12:39 pm
Shriram Finance Approves Tender Offer for Senior Secured Notes
AI Summary
Shriram Finance Ltd's Banking & Finance Committee has approved a tender offer to repurchase its Senior Secured Notes. The company plans to buy back up to U.S.$300 million of its 6.625% Senior Secured Notes due 2027 and up to U.S.$160 million of its 6.15% Senior Secured Notes due 2028, both issued under its Global Medium Term Note Programme. This move aims to manage its debt structure and potentially reduce interest expenses.
Key Highlights
- Approved tender offer to repurchase Senior Secured Notes.
- Up to $300M of 6.625% Notes due 2027 targeted.
- Up to $160M of 6.15% Notes due 2028 targeted.
- Notes issued under the USD 3.5B GMTN Programme.
- Further intimations will be made as per applicable laws.
Price Impact
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