Vedanta to refinance term loan facility via new bond offering proceeds

By Tali David

Minneapolis, May 16 - Vedanta Resources plc plans to use the proceeds of a bond offering to refinance a portion of its obligations under its existing 2010 term loan facility, according to a filing with the London Stock Exchange.

Proceeds will also be used to pay related fees and expenses and for general corporate purposes.

Vedanta Resources is a London-based company that operates India's largest mining and non-ferrous metals company.

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