Vedanta Resources seeks investor nod to prepay $550-million debt
Vedanta Resources (VRL) is looking to prepay a $550- million private credit facility (PCF) as early as next week and has initiated consent solicitation from investors. The company is in talks to raise $700 million from a group of banks, including Barclays, First Abu Dhabi Bank, Mashreq, Abu Dhabi Commercial Bank, Commercial Bank of Dubai,…