{"id":286880,"date":"2019-08-09T05:51:57","date_gmt":"2019-08-09T05:51:57","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=286880"},"modified":"2019-08-09T05:51:57","modified_gmt":"2019-08-09T05:51:57","slug":"suzlon-said-to-propose-1-2-billion-stressed-debt-settlement","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/suzlon-said-to-propose-1-2-billion-stressed-debt-settlement\/","title":{"rendered":"Suzlon said to propose $1.2 billion stressed debt settlement"},"content":{"rendered":"<p>Troubled wind-turbine maker Suzlon Energy Ltd. offered to repay about \u20b98,500 crore($1.2 billion) to lenders as part of a bad-debt resolution plan, people with knowledge of the matter said. Creditors led by State Bank of India will have to take a haircut of as much as 44% on Suzlon\u2019s debt if the offer is accepted, the people said, asking not to be named as the information isn\u2019t public.<\/p>\n<p>The settlement plan backed by Vestas Wind Systems A\/C is the only bid in front of lenders after Brookfield Asset Management Inc. dropped out of the race, one of the people said.<\/p>\n<p>Suzlon shares rose as much as 14% in early Mumbai trading on Friday, the biggest intraday gain in two weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Troubled wind-turbine maker Suzlon Energy Ltd. offered to repay about \u20b98,500 crore($1.2 billion) to lenders as part of a bad-debt resolution plan, people with knowledge of the matter said. Creditors led by State Bank of India will have to take a haircut of as much as 44% on Suzlon\u2019s debt if the offer is accepted, the people said, asking not to be named as the information isn\u2019t public. The settlement plan backed by Vestas Wind Systems A\/C is the only bid in front of lenders after Brookfield Asset Management Inc. dropped out of the race, one of the people said. [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-286880","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=286880"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286880\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=286880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=286880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=286880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}