Vedanta Resources Limited (VRL), the London-based parent of Mumbai-listed Vedanta Ltd, has secured a term loan facility of up to USD 600 million as part of its ongoing strategy to optimize debt structure, reduce interest costs, and improve its credit profile. The new facility, with favorable terms and participation from global banks, will refinance a high-cost private credit facility. This strategic move is expected to yield annual interest savings of USD 50 million and aligns with VRL’s goal of achieving an investment-grade credit rating.