Passenger aircraft parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai.
| Photo Credit: Reuters
Adani Airports Holdings Ltd (AAHL), a wholly owned subsidiary of Adani Enterprises Ltd said it has secured $1 billion financing through a project finance structure for its Mumbai International Airport Ltd (MIAL).
The transaction involves issuance of $750 million notes maturing July 2029 which will be used for refinancing.
The financing structure also includes provision to raise an additional $250 million, resulting in total financing of $1 billion, the company said.
“This framework will provide enhanced financial flexibility for the capital expenditure program of MIAL for development, modernization, and capacity enhancement,” it added.
The transaction was led by Apollo-managed funds, with participation from a syndicate of leading institutional investors and insurance companies which included BlackRock-managed funds, Standard Chartered among others.
This issuance follows AAHL’s $750 million financing from a consortium of global banks.
Arun Bansal, CEO, Adani Airports Holdings Ltd, said,“This successful issuance validates the strength of the Adani Airports’ operating platform, the robust fundamentals of Mumbai International Airport, and our commitment to sustainable infrastructure development. With participation from Apollo-managed funds and leading institutional investors, we are proud to deepen our access to global pools of capital.”
“Our ability to secure one of the largest private investment-grade project finance issuances demonstrates our commitment to financial discipline, capital efficiency and long-term value creation,” he added.
Published – June 24, 2025 09:24 am IST
