Cases & Deals

  • Home
  • Practices
  • UPL Limited obtains US$500 million sustainability-linked loan

Share

Experience

UPL Limited obtains US$500 million sustainability-linked loan

March 2021

Client(s) UPL Limited

In a first of its kind for an Indian company, Jones Day represented UPL Limited in a US$500 million sustainability-linked loan with a US$250 million greenshoe option, arranged by MUFG Bank, Ltd. and Cooperatieve Rabobank U.A. The proceeds will be used to refinance the current outstanding US$3 billion loan currently in place at its subsidiary, UPL Corporation Limited. The proceeds of the US$3 billion loan were utilized by UPL for its acquisition of Arysta LifeScience Inc.

Jones Day had previously advised UPL Limited on the original US$3 billion facility in connection with the acquisition of Arysta LifeScience Inc.

Contacts

Before sending, please note:

Information on www.jonesday.com is for general use and is not legal advice. The mailing of this email is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Anything that you send to anyone at our Firm will not be confidential or privileged unless we have agreed to represent you. If you send this email, you confirm that you have read and understand this notice.