Agrochemical major UPL Limited has completed the pre-payment of US $410 million of 3.25% Senior Notes due in October 2021, nine months in advance.

The pre-payment which concluded on 28th December 2020, was done using the cash on its balance sheet. This prepayment is in line with its commitment to reduce debt.

UPL is committed towards deleveraging its balance sheet on the back of strong business prospects and agriculture commodity prices, and favourable agronomic conditions.