Greenko Founders Borrow $650 Million to Buy Back Stake From Orix
The founders of Indian clean energy producer Greenko Energy Holdings have signed a $650 million private credit deal they will use to buy back most of Orix Corp. 's stake in the company, according to people familiar with the matter.
They have secured a two-year loan from Keppel Credit, SeaTown Holdings International, BlackRock Inc., Varde Partners Inc., Broad Peak Investment Advisers Pte., Nomura Holdings Inc, and Sumitomo Mitsui Banking Corp., according to the people, who declined to be identified discussing private matters.
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