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.
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.
