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Five Banks Facilitate Green Loan to Fund Reliance’ REC Solar Acquisition

The financing comprises a six-year term loan and a working capital facility

December 10, 2021

/ Arjun Joshi
/ Finance and M&A, Solar
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Reliance Industries (RIL) has availed $736 million equivalent green loans from five banks to fund its acquisition of Norway-headquartered solar cells, modules, and polysilicon manufacturer REC Solar Holdings.

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Arjun Joshi

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AcquisitionGreen loanRECRILSolar
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