Latham Advises Adani Total Gas Limited on US$375 Million Financing

Latham & Watkins has advised Adani Total Gas Limited (ATGL), India’s leading City Gas Distribution (CGD) company, on its US$375 million financing. The maiden financing includes an initial commitment of US$315 million with an accordion feature to enhance the commitments.

The financing will accelerate ATGL’s CGD Network Infrastructure Development program expansion to cater to over 200 million people covering 14% of India’s population. The transaction represents the largest global financing in the CGD business.

The Latham team was led by Singapore finance partner Timothy Hia and associates Marc Tan and Wen Yi Tan, with Hong Kong associate Andrea Chin.

ABOUT ADANI TOTAL GAS LIMITED

Adani Total Gas Limited is a joint venture between Adani Group and TotalEnergies SE and is developing City Gas Distribution (CGD) Networks to supply the Piped Natural Gas (PNG) to the industrial, commercial, and residential sectors, and Compressed Natural Gas (CNG) to the transport sector.

ABOUT LATHAM’S INDIA PRACTICE

With over 20 years of experience advising on Indian debt and equity capital markets transactions, Latham has one of the largest and most active India practices among international law firms. The multi award-winning practice comprises more than 50 lawyers globally, and the team has advised on India-related matters with a combined value in excess of US$100 billion since 2018.