A four-bank consortium has provided working capital facilities of ₹30.5 billion (US$450 million) to Alstom Bharat Forge Power. The consortium was led by State Bank of India and included IDBI Bank, Axis Bank and ICICI Bank.
New Delhi-based Lex Favios advised the consortium on drafting, vetting and negotiating the facility agreement, inter-creditor agreement, authority letters, security trustee agreement, deed of hypothecation, indenture of mortgage, omnibus counter-guarantee and other related undertakings.
The team was led by managing partner Sumes Dewan, head of banking and finance Rupul Jhanjee and associate Varun Narad.
