Deal Highlights

• The Company posted remarkable turnaround post FY21 attributing to industry upswing, pent up demand post Covid & benefit from cost efficiency from its brownfield project
• To streamline debt structure and cost efficiency, KPL along with Nuvama team, has undertaken debt consolidation and refinance exercise to achieve –
  • Optimization in interest rates
  • Reduction in number of lenders
  • Induction of strong lender to support its growth in future
• Nuvama facilitated sanction by new lender to refinance debt of its 3 existing lenders at competitive terms
• This new facility has now created commercial benchmark for existing lenders

Nuvama Contribution

• Identified the opportunity at right time and took management on board for the same
• Negotiated commercials with prospective lenders and remained first point of call for all stakeholders, smoothly navigating the process till closure
• Strategized framework to approach existing lenders for smooth transition to incoming lender
• End to end handholding of the Company on all transaction related matters till closure