Adani Airport Holdings Ltd (AAHL), a wholly-owned subsidiary of Adani Enterprises Ltd, has successfully closed funding of a $250 million senior secured 3-year ECB facility from a consortium of Standard Chartered Bank (SCB) and Barclays Bank PLC. The facility has an option to raise an additional $200 million.
The financing structure enables a scalable capital solution with the flexibility to tap global capital markets in line with AAHL’s vision of providing a transformational airport infrastructure platform.
AAHL- centered around delivering convenience to the consumer both via physical and digital channels, is leading the Adani portfolio’s foray into B2C infrastructure assets.
“We are focussed on delivering high-quality infrastructure access to our consumers both through physical and digital channels,” said Spokesperson – 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 airport 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,” the company said in its official statement.
This issuance by AAHL marks the first milestone in its capital management plan.
Earlier this week, MIAL placed a $ 750 million private placement to Apollo and USD 1.74 billion financial closure for NMIAL from the domestic banking system. AAHL with this is tapping three different pools of capital cumulating to $2.74 billion.
An integrated airport network, AAHL consist of eight airports located around city centers controlling ~50% of the top 10 domestic routes, ~23% of the total Indian air traffic, and ~30% of India’s air cargo.
AAHL airports handle around ~200 Mn consumers, including passengers and non-passengers.