Adani Airport Holdings (AAHL), a wholly owned subsidiary of Adani Enterprises, has raised $250 million (approximately Rs 1,950 crore) from a consortium of Standard Chartered and Barclays Bank, with the option to raise another $200 million (approximately Rs 1,560 crore), it said in a statement on Monday.
The funds raised through a senior secured three-year external commercial borrowing facility are to be used for capital expenditure (capex) and the development of the six airports it manages under public-private partnership.
This transaction marks the completion of the first step of the capital management plan of AAHL, which also includes plans to tap the capital markets and raise debt via bonds for long-term financing of aviation sector projects.
