Adani Electricity Mumbai Repurchases USD 49.5 Mn Debt

New Delhi, Jun 23 (PTI) Adani Energy Solutions on Monday said that its arm Adani Electricity Mumbai Ltd (AEML) has repurchased its senior secured notes worth USD 49.5 million through open market to reduce its debt obligations.

The latest transaction of USD 49.5 million, funded through the internal cash flows, refers to the company's USD 1,000-million senior secured notes issued in February 2020, which were due in 2030, AEML said in a statement.


Of the total USD 1,000-million papers, the company had already bought back bonds worth USD 120 million in November 2023.

Following these transactions, the outstanding principal amount of the notes is now USD 830.5 million, the company said.

"These transactions reduce AEML's outstanding debt obligations, demonstrating its financial flexibility and strong cash-generation profile," the statement said, adding that AEML may seek to undertake further liability management exercises from time to time, subject to market conditions in accordance with its capital management plan.