The facility is being arranged by a consortium of lenders including Citibank, HSBC, MUFG, DBS Bank and Standard Chartered, a report by The Economic Times said.
Sources told The Economic Times that JLR opted for a syndicated bank loan rather than a bond issue amid continued volatility in debt markets. The refinancing is intended to extend the maturity profile of the company’s borrowings while maintaining financial flexibility.
The move comes as the Tata Motors-owned carmaker continues to invest in its electrification strategy, including the transformation of Jaguar into an all-electric luxury brand and the launch of new electric models across its Range Rover, Defender and Discovery marques.
JLR has reported improved financial performance over the past two years, supported by strong demand for its premium vehicles and ongoing efforts to strengthen its balance sheet. The latest refinancing is expected to support those longer-term investment plans while reducing refinancing risk ahead of upcoming debt maturities.
