Nerves start to fray as Tata Motors sets out $2bn bridge loan terms

Lenders to India’s Tata Motors expressed their concerns this week over the terms of a $2bn refinancing package that is set to be launched later this month.

  • 02 Apr 2009

Tata is looking to borrow $2bn in the Indian and international loan markets to refinance bridge debt it took on for the acquisition of Jaguar Land Rover last year, and sent term sheets to its existing lenders on Monday.

But bankers who supported the $3bn bridge loan in June ...

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