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Brookfield Plans Offer for Majority Stake in Suzlon.

Authors :
Ghosh, Suvashree
Kalesh, Baiju
Source :
Bloomberg.com; 7/10/2019, pN.PAG-N.PAG, 1p
Publication Year :
2019

Abstract

The article discusses Brookfield Asset Management Inc. is planning an offer for a majority stake in India's debtladen Suzlon Energy Ltd. It mentions that Brookfield is working with a financial adviser for due diligence on Suzlon; and deal like Brookfield's could be critical for Suzlon and its lenders as the firm's ratings on its long-term bank facilities were downgraded at Care Ratings Ltd. to D from BB in April 2019.

Subjects

Subjects :
CONVERTIBLE bonds
BANK loans

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
137553748