JSA Advocates and Solicitors (JSA) advised IndusInd Bank Limited as the lender in relation to an INR 2,501 crore debt financing extended to Lightstorm under a co-borrower structure.
The mandate involved structuring, drafting and negotiating the financing and security documents, and the documentation framework governing the funded and non-funded facilities. The financing involved multiple facilities under a co-borrower arrangement and required the transaction documents to address the operational and security framework applicable across the financing.
The transaction required a bespoke security structure tailored to the Borrowers’ business model. The documentation was accordingly structured to provide an integrated framework for the financing and the related security arrangements, taking into account the nature of the Borrowers’ business and operations.
The JSA team was led by Anish Mashruwala, Partner with Karan Mitroo, Partner and supported by Shekhar Shrivastava, Counsel and Arpita Mittal, Associate.
Anish is the current Co-Chair of the Finance Practice at JSA and heads the Banking & Finance group. He also focuses on Cross Border Investments & Acquisitions.