JLR inks pact with Chinese lenders for term loan of $704.5 million

They said the Chinese banks that would provide it with the three-year revolving loan include Bank of China, ICBC, China Construction Bank, Bank of Communications and Shanghai Pudong Development Bank

Insolvency, bankruptcy, IBC, companies, firms, shareholders, promoters, owners, investors, npa, bad loans

1 min read Last Updated : Jun 05 2020 | 10:57 PM IST

Jaguar Land Rover (JLR), owned by Tata Motors, has entered into agreements with lenders in China for a secured term loan facility of $704.5 million, marking its first debt financing in China, it said.

They said the Chinese banks that would provide it with the three-year revolving loan include Bank of China, ICBC, China Construction Bank, Bank of Communications and Shanghai Pudong Development Bank.