IndusInd Bank Limited has taken a significant step in extending a substantial debt financing package of ₹2,501 crore to Lightstorm. This financial arrangement was structured under a co-borrower model, highlighting the complexity and collaborative nature of the transaction.
JSA Advocates and Solicitors played a pivotal role in advising Lightstorm throughout this financing process. Their comprehensive counsel included the intricate tasks of structuring, drafting, and negotiating both the financing and security documents. Additionally, they established the documentation framework that governs both funded and non-funded facilities.
This financing deal involved several facilities under a co-borrower structure. As such, the transaction documents needed to adeptly address the operational and security frameworks applicable across the financing spectrum. Such meticulous attention to detail ensured that all aspects of the co-borrower arrangement were comprehensively covered.
The transaction was expertly managed by JSA partners Anish Mashruwala and Karan Mitroo. They were supported in their efforts by Shekhar Shrivastava, serving as Counsel, and Arpita Mittal, an Associate, who collectively ensured the smooth execution of the transaction.
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