Polestar co-advises on INR 17,000 mn refinancing for a large Steel Manufacturing Company.
Polestar acted as Joint Advisor to a large steel manufacturing company to refinance its entire existing borrowing through multiple foreign and domestic banks.
Few highlights:
- The promoters had acquired the company through NCLT and had raised debt at a higher rate at the time of acquisition.
- Polestar acted as a Joint advisor to refinance the entire debt from multiple foreign and domestic lenders
- This refinance assisted the company in bringing down its cost of borrowing significantly.
