Apollo Provides $750 Million High Grade Capital Solution to Mumbai International Airport Ltd. in Second Transaction
Apollo (NYSE: APO) has announced the completion of a $750 million investment grade rated financing for Mumbai International Airport Ltd. (MIAL), an Adani Portfolio company. The 4-year senior secured notes will refinance existing debt and include provision for up to $250 million in additional funding for capital expenditure and expansion.
This marks Apollo's second major financing for MIAL and represents one of the largest private investment grade rated deals in India's infrastructure sector. The funding will support operations, modernization, and sustainability initiatives at Chhatrapati Shivaji Maharaj International Airport (CSMIA), India's second-largest airport.
MIAL aims to achieve net zero emissions by 2029 through various sustainability initiatives, including transitioning to electric vehicles and enhancing energy-efficient operations.Apollo (NYSE: APO) ha annunciato il completamento di un finanziamento investment grade da 750 milioni di dollari per Mumbai International Airport Ltd. (MIAL), una società del portafoglio Adani. Le obbligazioni senior garantite a 4 anni serviranno a rifinanziare il debito esistente e prevedono una disponibilità fino a 250 milioni di dollari aggiuntivi per spese in conto capitale e ampliamenti.
Questo rappresenta il secondo importante finanziamento di Apollo per MIAL ed è una delle più grandi operazioni private con rating investment grade nel settore infrastrutturale indiano. Il finanziamento sosterrà le operazioni, la modernizzazione e le iniziative di sostenibilità presso l'aeroporto internazionale Chhatrapati Shivaji Maharaj (CSMIA), il secondo aeroporto più grande dell'India.
MIAL punta a raggiungere emissioni nette zero entro il 2029 attraverso diverse iniziative di sostenibilità, tra cui la transizione verso veicoli elettrici e il miglioramento dell'efficienza energetica delle operazioni.
Apollo (NYSE: APO) ha anunciado la finalización de un financiamiento con calificación investment grade por 750 millones de dólares para Mumbai International Airport Ltd. (MIAL), una empresa del portafolio de Adani. Los bonos senior garantizados a 4 años refinanciarán la deuda existente e incluyen una disposición para hasta 250 millones de dólares adicionales para gastos de capital y expansión.
Este es el segundo financiamiento importante de Apollo para MIAL y representa una de las operaciones privadas con calificación investment grade más grandes en el sector de infraestructura de la India. Los fondos apoyarán las operaciones, la modernización y las iniciativas de sostenibilidad en el Aeropuerto Internacional Chhatrapati Shivaji Maharaj (CSMIA), el segundo aeropuerto más grande de la India.
MIAL tiene como objetivo alcanzar emisiones netas cero para 2029 mediante diversas iniciativas de sostenibilidad, incluyendo la transición a vehículos eléctricos y la mejora de la eficiencia energética en sus operaciones.
Apollo (NYSE: APO)는 Adani 포트폴리오 회사인 Mumbai International Airport Ltd. (MIAL)를 위한 7억 5천만 달러 규모의 투자등급 금융 완료를 발표했습니다. 4년 만기 선순위 담보채권은 기존 부채를 재융자하며, 2억 5천만 달러까지 추가 자본 지출 및 확장 자금을 포함합니다.
이번 거래는 Apollo가 MIAL에 제공하는 두 번째 주요 금융이며, 인도 인프라 부문에서 가장 큰 민간 투자등급 거래 중 하나입니다. 이 자금은 인도에서 두 번째로 큰 공항인 Chhatrapati Shivaji Maharaj 국제공항(CSMIA)의 운영, 현대화 및 지속 가능성 이니셔티브를 지원할 것입니다.
MIAL은 전기차 전환 및 에너지 효율 운영 강화 등 다양한 지속 가능성 이니셔티브를 통해 2029년까지 순배출 제로를 달성하는 것을 목표로 하고 있습니다.
Apollo (NYSE: APO) a annoncé l'achèvement d'un financement noté investment grade de 750 millions de dollars pour Mumbai International Airport Ltd. (MIAL), une société du portefeuille Adani. Les obligations senior garanties sur 4 ans permettront de refinancer la dette existante et prévoient une facilité pouvant aller jusqu'à 250 millions de dollars supplémentaires pour les dépenses d'investissement et l'expansion.
Il s'agit du deuxième financement majeur d'Apollo pour MIAL et représente l'une des plus importantes opérations privées notées investment grade dans le secteur des infrastructures en Inde. Ce financement soutiendra les opérations, la modernisation et les initiatives de durabilité à l'aéroport international Chhatrapati Shivaji Maharaj (CSMIA), le deuxième plus grand aéroport d'Inde.
MIAL vise à atteindre la neutralité carbone d'ici 2029 grâce à diverses initiatives de durabilité, notamment la transition vers des véhicules électriques et l'amélioration de l'efficacité énergétique des opérations.
Apollo (NYSE: APO) hat die erfolgreiche Durchführung einer 750 Millionen US-Dollar Investment-Grade-Finanzierung für Mumbai International Airport Ltd. (MIAL), ein Unternehmen im Adani-Portfolio, bekannt gegeben. Die vierjährigen vorrangig besicherten Anleihen dienen der Refinanzierung bestehender Schulden und beinhalten eine Option auf bis zu 250 Millionen US-Dollar zusätzliche Mittel für Investitionen und Expansion.
Dies ist die zweite bedeutende Finanzierung von Apollo für MIAL und stellt einen der größten privaten Investment-Grade-Deals im indischen Infrastruktursektor dar. Die Finanzierung unterstützt den Betrieb, die Modernisierung und Nachhaltigkeitsinitiativen am Chhatrapati Shivaji Maharaj International Airport (CSMIA), dem zweitgrößten Flughafen Indiens.
MIAL strebt an, bis 2029 Netto-Null-Emissionen durch verschiedene Nachhaltigkeitsmaßnahmen zu erreichen, darunter die Umstellung auf Elektrofahrzeuge und die Verbesserung der energieeffizienten Betriebsabläufe.
- Secured $750 million investment grade rated financing with potential for additional $250 million funding
- Strategic partnership with India's largest private airport operator in a key growth market
- Supports refinancing of existing debt and provides operational flexibility
- Investment in critical infrastructure asset with strong growth potential
- Significant debt refinancing indicates substantial leverage position
- Success dependent on execution of ambitious growth and modernization plans
Insights
Apollo secured a major $750M deal in India's infrastructure sector, strengthening its position in Asia's growing credit market.
Apollo has completed a
This transaction represents one of the largest private investment grade rated deals in India's infrastructure sector and constitutes Apollo's second major financing arrangement with MIAL. The structure primarily focuses on refinancing existing debt while providing MIAL with enhanced financial flexibility for operations, modernization, and sustainability initiatives.
The deal aligns with Apollo's strategic focus on the Asia-Pacific region, particularly India, which the firm identifies as a key growth market for hybrid and credit financing opportunities. This transaction positions Apollo as a significant capital provider in India's rapidly developing infrastructure sector, supporting the country's second-largest airport.
For context, MIAL operates Chhatrapati Shivaji Maharaj International Airport, which serves as a critical transportation hub within Adani Airport Holdings Limited's network of eight airports across India. The airport operator has committed to sustainability goals, including achieving net zero emissions by 2029.
This financing arrangement demonstrates Apollo's ability to deploy substantial capital in structured financing solutions for large-scale infrastructure assets in emerging markets, potentially generating stable returns for Apollo's managed funds and investors through secured lending to essential infrastructure.
Investment Grade Financing Supports Critical Indian Infrastructure Asset
NEW YORK and MUMBAI, India, June 23, 2025 (GLOBE NEWSWIRE) --
Apollo (NYSE: APO) today announced that Apollo-managed funds, affiliates and other long-term investors have completed a
The 4-year senior secured notes will primarily refinance existing debt, enhancing MIAL’s financial flexibility to support operations, modernization and sustainability initiatives. The structure also allows for up to
“Working with the Adani Group, we are pleased to deliver a scaled, bespoke capital solution for MIAL, supporting a critical infrastructure asset and the next phase of its ambitious growth capex plans,” said Apollo Partner Jamshid Ehsani. “This marks Apollo’s second large financing for MIAL, having previously provided operational flexibility to deleverage and now delivering an investment grade rated solution.”
Mr. Arun Bansal, CEO of AAHL, added, “This financing provides us with greater operational flexibility and positions us to further enhance the airport experience for millions of travelers. With Apollo’s continued support and the Adani Group’s proven execution capabilities, we are well-positioned to realize our vision of transforming MIAL into a world-class asset with a focus on efficiency, comfort and sustainability.”
Matt Michelini, Partner and Head of Asia-Pacific at Apollo, commented, “As one of the fastest growing global economies, India is an attractive market for hybrid and credit financing, particularly opportunities underpinning critical, next-generation infrastructure. It is a key market for Apollo in Asia, and one where we believe we can serve as a long-term capital partner to leading companies and families.”
CSMIA, a cornerstone of India’s aviation infrastructure, is part of Adani Airport Holdings Limited’s (AAHL) network of eight airports. AAHL is responsible for developing airport infrastructure assets across India and is a core growth vertical of the Adani group.
MIAL remains committed to sustainability, aligning with the UN Sustainable Development Goals through initiatives such as transitioning to electric vehicles, enhancing energy-efficient operations, strengthening water conservation measures and accelerating efforts to achieve net zero emissions by 2029, reflecting its leadership in sustainable airport operations.
Allen & Overy LLP and Cyril Amarchand Mangaldass served as legal counsel to MIAL. Milbank LLP and Khaitan & Co served as legal counsel to Apollo.
About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of March 31, 2025, Apollo had approximately
About MIAL
Mumbai International Airport Ltd. (MIAL) is managed by Adani Airport Holdings Limited, a subsidiary of Adani Enterprises. MIAL operates under a Public-Private Partnership model, with AAHL holding a
Apollo Contacts
Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com
Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com
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