Hindalco Industries (NSE:HINDALCO, BOM:500440) unit Novelis has amended its asset-based lending facility, increasing total commitments by $500 million to $3.0 billion, according to a regulatory filing on Thursday.
The amendment also extends the facility's maturity to June 16, 2031, subject to certain conditions.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.