Adani Enterprises is finalizing a $1.5 billion loan to replace a $2 billion bridging loan that was taken out last year to buy an Australian coal terminal. The deal is expected to be signed by the end of March, with the debt shared between the Commonwealth Bank Of Australia, National Australia Bank,Westpac Banking Corp and two large Japanese financial institutions. The original loan, which was taken out to buy Abbott Point Coal Terminal, must be repaid by the end of May.
BC