Vedanta Resources aims to prepay a $550 million private credit facility by raising $700 million from banks like Barclays and Standard Chartered, seeking investor consent for early repayment. This refinancing targets a lower interest rate, around SOFR + 400-500 basis points, significantly reducing borrowing costs.
US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.
June 25, 2026