Power Sector Financier REC Limited Secures $75 Million Loan from Sumitomo Mitsui Banking

The proceeds will be utilized to fund power sector infrastructure projects

October 20, 2021

/ Arjun Joshi
/ Finance and M&A, Other
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REC Limited, a public infrastructure finance company in India’s power sector, has raised a $75 million five-year secured overnight financing rate (SOFR) linked syndicated term loan. Sumitomo Mitsui Banking Corporation (SMBC), Singapore Branch, is appointed as the sole mandated lead arranger and bookrunner.

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Arjun Joshi

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