Apollo Provides $750 Million of Senior Secured Private Placement Notes for Mumbai International Airport Ltd.
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Wednesday, May 4, 2022
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NEW YORK and MUMBAI, India, May 04, 2022 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed credit funds have purchased $750 million of senior secured private placement notes from the Mumbai International Airport Ltd. (MIAL), an Adani Portfolio entity that owns and operates Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai, the second largest airport in India.
Key Points:
- NEW YORK and MUMBAI, India, May 04, 2022 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed credit funds have purchased $750 million of senior secured private placement notes from the Mumbai International Airport Ltd. (MIAL), an Adani Portfolio entity that owns and operates Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai, the second largest airport in India.
- MIAL is a premium asset within the Adanis expanding airport infrastructure Portfolio and the marquee private placement is among the largest-ever completed in India.
- It forms a part of an airport network of eight airport assets under Adani Airport Holdings Limited (AAHL).
- MIAL also owns 74% stake in Navi Mumbai International Airport Limited (NMIAL), the greenfield airport being developed in Suburban Mumbai, which when operational will be the twin airport servicing passengers in the Mumbai Metropolitan Region.