UPL Ltd. announced that it has raised a second tranche of USD 700 Million sustainability linked loan (SSL) on 31stDecember 2021 with a reduction of interest cost by 35bps and an opportunity for a further reduction of 5bps on achievement of sustainability indicators agreed with the banks. The first tranche of USD 750 million was raised in March and April 2021. Of the USD 1.45 billion, the debt maturity for USD 1.25 billion gets extended by two years to Fiscal Year 2026 (against Fiscal Year 2024 earlier).

The SLL also provides a complete pre-payment flexibility.