New Delhi: Adani Airports Holdings Limited (AAHL) said on Tuesday that it has successfully acquired $ 1 billion financing through a project finance structure for its Mumbai International Airport Limited (Mial), which runs Chhatrapati Shivaji Maharaj International Airport (CSMIA). The transaction involves issuing a $ 750 million notes mature maturing in July 2029 (notes), which will be used for refinance. The provision of raising an additional $ 250 million in the financing structure also includes a total of $ 1 billion funding. “This structure will provide increased financial flexibility to the Mial’s capital expenditure program for development, modernization and capacity growth,” AAHL said, AAHL, AAHL, Adani Enterprises and a fully owned subsidiary of the operator of India’s largest private airport.“This is evaluated to release private bonds in the field of infrastructure of India’s first investment grade (IG) airport. The transaction was headed under the leadership of apollo-related funds, including a syndicate of leading institutional institutional investors and insurance companies, including Blackrock-related funds, included standard confidence between others, in India’s infrastructure, there Underlining and adani airplane. The statement stated that Mial’s stable asset base and supported by cash flow and operational excellence, notes are expected to be BBB-/stable.AAHL CEO Arun Bansal said: “This successful release validate our commitment to the operating platform of Adani Airport, the strong infrastructure of the Mumbai International Airport and the development of the sustainable infrastructure. With the participation of Apollo-related wealth and leading institutional investors, we pride to deepen our reach. Our ability to secure one of the largest private investment-grade project issuing finance demonstrates our commitment to financial discipline, capital efficiency and long-term value construction.,The legal advisors of the transaction included A & O Shearman and Cyril Amarchand Mangaldas for Mial, while Milbank LLP and Khaitan & Co were counsels of investors.“Aahl is committed to the long -term vision of changing the infrastructure of airports through modernization, capacity expansion, digitization and continuous investment in technology integration. Transactions will also accelerate the stability agenda of the Mial, supporting its target to achieve pure zero emissions by 2029. This release has followed Aahl’s $ 750 million funding from a union of global banks.
