AHMEDABAD: Adani Airport Holdings Ltd (AAHL), a wholly owned subsidiary of Adani Enterprises Ltd, has completed a USD250 million senior secured three-year External Commercial Borrowings (ECB) facility with a consortium of Standard Chartered Bank (SCB) and Barclays Bank PLC. The facility can raise an extra USD200 million if necessary. In line with vision of Adani Airport Holdings providing a transformational airport infrastructure platform, the financing structure allows for a scalable capital solution with flexibility to reach global capital markets.
The Adani portfolio's entrance into B2C infrastructure assets is being led by AAHL. Consumer convenience is at the heart of AAHL's business, which operates through both physical and digital channels. "We are committed to provide our customers with high-quality infrastructure access across both physical and digital channels," an AAHL representative stated.
"With the funding of AAHL, MIAL, and NMIAL, the first part of our capital management plan is now in motion, and we will now focus on expanding up the airports business into one of the largest airport platforms internationally. We appreciate our stakeholders' and customers' continuous trust and support." AAHL's issue is the first step in its capital management strategy. MIAL placed a USD750 million private placement with Apollo earlier this week, and NMIAL received USD1.74 billion in financial closure from the local banking sector.
AAHL has tapped three separate sources of money totaling USD2.74 billion with this deal. AAHL is now ready to go on with the next phase of its capital management strategy, which includes entering public capital markets and expanding construction facilities to get access to long-term funding for infrastructure development.
AAHL is an integrated airport network with eight airports positioned near metropolitan centres that control 50% of the top 10 domestic routes, 23% of total Indian air traffic, and 30% of India's air cargo.
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