JSW Steel has successfully concluded the full redemption of its $750 million senior unsecured notes. The debt, originally issued by the company’s indirect wholly-owned subsidiary, Periama Holdings LLC, was fully retired on April 20, 2026. This repayment process was facilitated through a loan provided by the parent company, effectively terminating the associated corporate guarantee and marking the conclusion of these specific debt obligations.
Redemption Overview
JSW Steel Limited has officially announced the completion of its debt obligations regarding senior unsecured notes. The notes, which carried a 5.95% fixed interest rate, were initially issued in two separate tranches. The first tranche of $500 million was issued on October 19, 2020, followed by a second tranche of $250 million on December 21, 2020, totaling $750 million.
Details of the Debt Retirement
The notes reached their natural maturity date and were fully redeemed by the issuer, Periama Holdings LLC, on April 20, 2026. To facilitate this payment, the parent company, JSW Steel, extended a loan to its subsidiary. With the final principal and all related interest payments settled, the corporate guarantee previously provided by JSW Steel has been formally terminated.
Source: BSE
