Adani Green gets $250 million in first offshore loan since probe

Adani Green Energy Ltd, controlled by Indian billionaire Gautam Adani, signed a deal to raise around $250 million from a group of global lenders, according to people familiar with the matter, in what would be the unit’s first foreign currency loan since an indictment by the US Department of Justice.

A group of four banks — DBS Bank Ltd., DZ Bank, Rabobank and Bank SinoPac Co Ltd — agreed to extend the credit, proceeds of which will be used to refinance an existing debt, said the people who asked not to be identified because the information is private.