Adani Airports raises US$250m for airport infrastructure

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Indian airport group Adani Airport Holdings (AAHL) has raised US$250m through a three-year ECB facility from two international banks, to develop the infrastructure of six of its airports.

AAHL is an integrated airport network consisting of eight airports located around city centers in India. The banks that invested were the Standard Chartered Bank (SCB) and Barclays Bank. The funds raised are to be used for capital expenditure and infrastructure. The investment deal has been designed with an option to raise an additional US$200m.

This transaction marks the completion of the first step of AAHL’s capital management plan. AAHL recently concluded a US$750m private placement of Mumbai International Airport (MIAL) to Apollo and US$1.74bn financial closure of Navi Mumbai International Airport (NMIAL) with the three different pools of capital totaling US$2.74bn. According to the company, it is now geared for the next phase of its capital management plan which includes enabling access to long-term capital sources for infrastructure development.

A spokesperson from AAHL said, “We are focused on delivering high-quality infrastructure access to our consumers both through physical and digital channels. 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.”

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As the latest addition to the UKi Media & Events team, Elizabeth brings research skills from her English degree to her keen interest in the meteorological and transportation industries. Having taken the lead in student and startup publications, she has gained experience in editing online and print titles on a wide variety of topics. In her current role as Editorial Assistant, Elizabeth will create new and topical content on the pioneering technologies in transportation, logistics and meteorology.

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