Adani Airport Holdings Ltd (AAHL), a wholly owned subsidiary of Adani Enterprises Ltd, today announced successful closure of funding of USD 250 Mn senior secured 3-year ECB facility from consortium of Standard Chartered Bank (SCB) and Barclays Bank PLC. The facility has an option to raise additional USD 200 Mn.
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 business is centred around convenience to consumer both via physical and digital channels.
This issuance by AAHL, marks the first milestone in its capital management plan. Earlier this week, MIAL placed USD 750 Mn private placement to Apollo, and USD 1.74 Bn financial closure for NMIAL from the domestic banking system. With this, AAHL has tapped three different pools of capital cumulating to USD 2.74 Bn. AAHL is now geared 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 ~50% of 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.
AAHL is fully committed to the UN Sustainability Development Goals (SDGs) with a specific focus on SDG 7 (Affordable and Clean Energy), SDG 11 (Sustainable Cities and Communities) & SDG 13 (Climate Action), demonstrated through initiatives that include solar energy installation projects, electric vehicle usage, green buildings, conversion to LED lamps etc.