Debt

Debt financing

Adani Airport Holdings raises $250-M; plans IPO

Press Release  

Publicly listed Adani Enterprises promoted Adani Airport Holdings Ltd (AAHL) has raised USD 250 million through a 3-year ECB facility from a consortium of Standard Chartered Bank (SCB) and Barclays Bank PLC. The facility has an option to raise additional USD 200 million. The freshly raised capital will be used for capital expenditure and development of six airports. AAH's airport network consisting of eight airports and controlling around 50% of top 10 domestic routes. Besides, it controls around 23% of the country's total air traffic as well as around 30% of the air cargo traffic. AAHL had recently concluded Mumbai International Airport Limited's (MIAL) USD 750 million private placement to Apollo and USD 1.74 Billion financial closure of Navi Mumbai International Airport Limited (NMIAL) totaling to USD 2.74 Billion. AAHL also plans to tap the public capital markets to enable access to long-term capital sources for infrastructure development.