Dentons Link Legal is pleased to have advised consortium of lenders comprising of State Bank of India (Lead Bank), ICICI Bank Limited, IDBI Bank Limited, Punjab National Bank and Axis Bank Limited in relation to exit from restructuring arrangement by M/s Ramky Infrastructure Limited (“RIL”), a leading infrastructure company based out of Hyderabad.
One of the few accounts within the infrastructure sector to have exited the restructuring arrangement which was implemented in June 2015 under the then Joint Lenders’ Forum (JLF), the execution of Restructuring Exit Agreement strengthens RIL’s overall financial profile by improved ratings on account of classification of its working capital exposure as regular and standard.
The transaction called for continuous engagement and advisory support to the clients to ensure that the construct of the ongoing facilities remains unaltered, drafting, negotiation and finalization of the restructuring exit documentation.
The transaction was led by our Partner, Y. Sriniwas Arun, and the team comprised of Associates, Ayushi Verma and Harshita Verma.