{"id":67159,"date":"2018-12-19T01:52:21","date_gmt":"2018-12-19T06:52:21","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=67159"},"modified":"2018-12-19T01:52:21","modified_gmt":"2018-12-19T06:52:21","slug":"hedge-fund-backed-rattan-close-to-500-million-debt-revamp","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2018\/hedge-fund-backed-rattan-close-to-500-million-debt-revamp.html","title":{"rendered":"Hedge Fund-Backed Rattan Close to $500 Million Debt Revamp"},"content":{"rendered":"<p>(Bloomberg) RattanIndia Power Ltd., a electricity generator backed by hedge fund Farallon Capital Management, is close to restructuring about $500 million of stressed loans, according to people with knowledge of the matter. The company, which is building coal-fired power plants to produce 5,400 megawatt of electricity &#8212; enough to light up 7 million rural homes in India &#8212; has offered to pay banks 52 percent of the obligations of its project in Amravati in Maharashtra state, the people said. The talks with creditors are on-going and there\u2019s no certainty they will result in a transaction, according to the people, who asked not to be identified because the discussions are private.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-12-17\/hedge-fund-backed-rattan-said-close-to-500-million-debt-revamp\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) RattanIndia Power Ltd., a electricity generator backed by hedge fund Farallon Capital Management, is close to restructuring about $500 million of stressed loans, according to people with knowledge of the matter. The company, which is building coal-fired power plants [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-67159","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/67159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=67159"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/67159\/revisions"}],"predecessor-version":[{"id":67160,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/67159\/revisions\/67160"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=67159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=67159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=67159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}