Cyril Amarchand Mangaldas advised State Bank of India, London Branch, Axis Bank Limited, IFSC Banking Unit (IBU) GIFT City Branch and HSBC, USA N.A., for debt aggregating up to USD 225 million, availed by Piramal Critical Care Inc. for the purposes of repayment of existing debt availed by the Piramal Critical Care Inc, being supported by a guarantee from its Indian parent, Piramal Pharma Limited.
The Project & Project Finance Practices of Cyril Amarchand Mangaldas advised for State Bank of India, London Branch, Axis Bank Limited, IFSC Banking Unit (IBU) GIFT City Branch and HSBC, USA N.A. for the transaction. The transaction team was led by Subhojit Sadhu, Partner; with support from Nishtha Gupta, Principal Associate; and Antariksh Karnik, Associate.
Other Parties and Advisors to the transaction included State Bank of India – London Branch (acted as lender), Axis Bank Limited, IFSC Banking Unit (IBU) Gift City Branch (acted as lender), HSBC BANK USA N.A (acted as lender), Piramal Critical Care Inc (acted as borrower), Piramal Pharma Limited (acted as guarantor), Piramal Healthcare INC (acted as parent entities), Allen & Overy LLP, Singapore (acted as international law firm for lenders).
The transaction was signed on September 21, 2022; and closed on September 25, 2022.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
