Deutsche Bank, Cerberus to lead $1.7 billion credit raise by Shapoorji Pallonji promoters

May 27, 2023

US hedge fund Davidson Kempner (DK), Canyon Capital Partners and Varde Partners have also agreed to a three-year private credit line, with each contributing $200 million. Canadian pension fund Omers is also expected to join with $100 million while the rest will be distributed among smaller funds.

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