Krishnamurthy and Co | View firm profile
Krishnamurthy & Co. (K Law) advised Tata Capital Limited, as the lenders’ legal counsel, in connection with granting certain term loan facilities aggregating up to INR 300 Crore to DBL Infra Assets Private Limited (formerly known as Highfly Air lines Private Limited), a subsidiary of Dilip Buildcon Limited. The borrower is involved in the development and construction of a diverse range of infrastructure projects, including roads and highways projects and railway/ metro projects. The borrower is also engaged in projects in the mining, irrigation, and other infrastructure sub-sectors.
The borrower will utilise the term loan facilities availed from Tata Capital Limited for refinancing various project debts of the borrower including debts raised from Canada Pension Plan Investment Board and the funds and schemes managed by it.
K Law structured the financing transaction and was engaged in drafting, negotiating, and finalising all financing and security documents for the transaction. The credit facilities are secured by complex and innovative structures including security over units of certain Infrastructure Investment Trust (InvITs) held by the borrower amongst other securities. K Law also advised the lender on various legal aspects from time to time including the InvITs regulations issued by the Securities and Exchange Board of India and in closing the transaction.
The transaction was led by Zeeshan Khan (Partner) assisted by Anirban Roy Choudhury (Principal Associate) and supported by a team of associates.
The Dilip Buildcon Group is a leading project developer engaged in the infrastructure sector and undertakes the development of various infrastructure projects including roads and highways (Bangalore – Chennai Expressway, Gorakhpur Link Expressway, Ghaghra Bridge Varanasi amongst others), rail and metro (Gurugram Metro project, Bhopal Metro project, Ahmedabad Metro project (Phase II), Surat Metro project (Phase I Package CS6), Indore Metro project amongst others), airports (parallel taxi track at Dabolim Airport Goa, Hirasar Rajkot Airport), etc.