Availing of term loan facility from ICICI Bank Limited
As filed · Nimbus Projects Limited has informed the Exchange regarding Availing of term loan facility from ICICI Bank Limited.
CapitalWatchMinormateriality 58 out of 100
What happened
FactNimbus Projects Limited has informed the Exchange regarding Availing of term loan facility from ICICI Bank Limited. Rupee Term Loan: Not exceeding Rs. 40 Crore. Availing of term loan facility Rs. 40 Crore from ICICI.
Why it matters
CapitSignal interpretationNew borrowing adds interest cost and covenants ahead of equity in the capital structure.
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Fact- Coupon and tenor
- Purpose of the borrowing
- Resulting net-debt level
Evidence
How CapitSignal classified this
- Reasoning:
- DEBT_RAISE base 50; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%