Latest news with #RestructuringAgreement
Business Standard
15-07-2025
- Business
- Business Standard
Ramky Infrastructure executes restructuring exit agreement with its lenders
Completes debt restructuring of Rs 3959.81 cr Ramky Infrastructure becoming one of the few Indian companies to successfully execute a Restructuring Exit Agreement (REA) with its lenders. The company had earlier entered into a Restructuring Agreement (RA) on 12 June 2015, to reorganize a total debt of Rs 3,859.81 crore, comprising both term loans and working capital facilities. The restructured term loans were fully repaid by June 2019. Subsequently, on 11 July 2025, Ramky Infrastructure and its lenders formally executed the REA. As a result, all working capital facilities are now classified as regular and standard by the lenders. This milestone reflects the company's resilience and prudent financial management. With no outstanding term loans and a successful exit from the restructuring framework, Ramky Infrastructure is now well-positioned to improve both its external credit ratings and internal bank assessments, thereby strengthening its overall financial profile.
United News of India
15-07-2025
- Business
- United News of India
Ramky Infra begins debt-free growth journey after fully repaying INR 3,859.81 Cr
Hyderabad, July 15 (UNI) Ramky Infrastructure Limited (Ramky, a flagship company of Ramky Group), one of the leaders in the realm of infrastructure development, has become one of the few Indian companies to successfully execute a Restructuring Exit Agreement (REA) with its lenders. The company had earlier entered into a Restructuring Agreement (RA) on June 12, 2015, to reorganize a total debt of INR 3,859.81 crores, comprising both term loans and working capital facilities. The restructured term loans were fully repaid by June 2019, the Hyderabad-based company said in a release here today. Subsequently, on July 11, 2025, Ramky Infrastructure and its lenders formally executed the REA. As a result, all working capital facilities are now classified as regular and standard by the lenders. With no outstanding term loans and a successful exit from the restructuring framework, Ramky Infrastructure is now well-positioned to improve both its external credit ratings and internal bank assessments, thereby strengthening its overall financial profile. Y.R. Nagaraja, Managing Director, Ramky Infrastructure Ltd said: "Entering REA not only fortifies our financial position, but also empowers us to aggressively pursue our strategic objectives in the rapidly expanding sustainable infrastructure market. We are committed to delivering enhanced value to our shareholders and contributing to India's infrastructure development. We extend our sincere gratitude to all the shareholders, investors, lenders, auditors, and other internal and external stakeholders for their invaluable and continued support." UNI KNR RN
