{"id":582530,"date":"2023-06-06T12:36:40","date_gmt":"2023-06-06T07:06:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=582530"},"modified":"2023-06-06T13:53:39","modified_gmt":"2023-06-06T08:23:39","slug":"vedanta-resources-repays-400-million-of-loans-borrowings-down-to-6-4-billion","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-resources-repays-400-million-of-loans-borrowings-down-to-6-4-billion\/","title":{"rendered":"Vedanta Resources repays $400 million of loans, borrowings down to $6.4 billion"},"content":{"rendered":"<p>Vedanta Resources, the Anil Agarwal led firm, has repaid $400 million of loans, thereby lowering its gross debt to $6.4 billion.<\/p>\n<p>The company said in a statement that it has paid all its maturing loans and bonds due in May and June 2023. According to the company, this has resulted in its gross debt declining to $6.4 billion. It added that in all, the debt has come down by $3.3 billion since the announcement of its deleveraging ambition in March 2022.<\/p>\n<p>CreditSights, a Fitch Group firm, had recently stated that it saw lower refinancing risk for Vedanta Resources\u2019 (VRL) near-term debt maturities on a new $850 million loan refinancing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vedanta Resources, the Anil Agarwal led firm, has repaid $400 million of loans, thereby lowering its gross debt to $6.4 billion. The company said in a statement that it has paid all its maturing loans and bonds due in May and June 2023. According to the company, this has resulted in its gross debt declining to $6.4 billion. It added that in all, the debt has come down by $3.3 billion since the announcement of its deleveraging ambition in March 2022. CreditSights, a Fitch Group firm, had recently stated that it saw lower refinancing risk for Vedanta Resources\u2019 (VRL) near-term [&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":[130,215,148],"tags":[],"class_list":["post-582530","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/582530","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=582530"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/582530\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=582530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=582530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=582530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}