Adani Airport Holdings raised $250 million overseas debt
AHMEDABAD: Adani Airport Holdings Limited, a wholly owned subsidiary of Adani Enterprises Limited on Monday announced it has raised $250 million through a senior secured three-year external commercial borrowing facility from a consortium of Standard Chartered Bank and Barclays Bank. The facility has an option to raise additional $200 million.
The amount will be used to fund the company’s plans to scale up airport business through capex.
“The first phase of our capital management plan is now set in motion. We will now focus on scaling up the airport’s business into one of the largest airport platforms globally,” an AAHL spokesperson said.
