PSUs

Mumbai International Airport raises $750 mn from Apollo

By IndianMandarins- 05 May 2022
274

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New Delhi (05.05.2022): Mumbai International Airport Ltd, which owns and operates the Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai, has successfully raised $750 million senior secured private placement notes from Apollo-managed credit funds.
Apollo’s credit business was able to provide a scaled, long-term capital solution for MIAL, with the majority of proceeds from the 7.25-years, $750 million notes to be used to refinance existing shorter maturity loans and new capital expenditure. MIAL is an iconic asset within AAHL’s expanding airport infrastructure Portfolio and the marquee private placement is among the largest ever completed in India.
This issuance by Mumbai International Airport, which is a strategic asset in the AAHL portfolio of airports, marks the first step in its capital management plan. AAHL will continue to diversify the sources of financing through access to different pools of capital.

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