Adani Airport raises additional US$250 million

Adani Airport Holdings Ltd (AAHL), a wholly owned subsidiary of Adani Enterprises Ltd., announced the successful closure of funding of US$250 million in a senior secured three-year ECB facility from Standard Chartered Bank (SCB) and Barclays Bank PLC. The facility has an option to raise additional US$200 million. The financing structure enables a scalable capital solution with flexibility to tap global capital markets in line with AAHL’s vision of providing a transformational airport infrastructure platform. AAHL is leading the Adani portfolio’s foray into B2C infrastructure assets. AAHL’s business is centred around convenience to consumer both via physical and digital channels. “We are focussed on delivering high quality infrastructure access to our consumers both through physical and digital channels,” said a spokesman for AAHL. “The first phase of our capital management plan is now set in motion with the funding of AAHL, MIAL and NMIAL, and we will now focus on scaling up the airports business into one of the largest airport platforms globally. We are grateful to our stakeholders and consumers for their continued support and their confidence in us.” This issuance by AAHL, marks the first milestone in its capital management plan. Earlier this week, MIAL placed US$750 million in a private placement to Apollo, and US$1.74 billion financial closure for NMIAL from the domestic banking system. With this, AAHL has tapped three different pools of capital totalling US$2.74 billion. AAHL is now geared up for the next phase of its capital management plan which includes tapping the public capital markets and further construction facilities to enable access to long-term capital sources for infrastructure development. AAHL is an integrated airport network consisting of eight airports located around city centres controlling about 50 percent of the top 10 domestic routes, about 23 percent of the total Indian air traffic, and about 30 percent of India’s air cargo.  AAHL airports handle around about 200 million consumers, including passengers and non-passengers. For Editorial Inquiries Contact: Editor Matt Driskill at [email protected] For Advertising Inquiries Contact: Head of Sales Kay Rolland at [email protected]