IIFL Finance Limited — Important, 16-01-2025: General Updates

The Finance Committee of IIFL Finance Limited has approved the issuance of senior secured fixed-rate notes totaling USD 325 million. These notes have an expected rating of B+ by S&P and Fitch and will mature in 3.5 years, specifically on July 24, 2028, with a coupon rate of 8.75% payable semi-annually. The proceeds from this issuance will support on-lending activities and overall business growth. An important aspect is a first-ranking charge over the issuer's future receivables and assets, ensuring robust creditor protection. Investors should view this as a potential growth catalyst, keeping an eye on the company's strategic application of funds from this issuance.