2022-05-04 08:19:59 APO Apollo Global
05/04/22 05/0408:19 05/04/2208:19 | Apollo provides $750M senior secured private placement notes for MIALApollo announced that Apollo-managed credit funds have purchased $750 million of senior secured private placement notes from the Mumbai International Airport, an Adani Portfolio entity that owns and operates Chhatrapati Shivaji Maharaj International Airport in Mumbai, the second largest airport in India. Apollo's Credit business was able to provide a scaled, long-term capital solution for MIAL, with a majority of proceeds from the 7-year, $750 million notes to be used to refinance existing shorter maturity loans and new capital expenditure. MIAL is a premium asset within the Adani's expanding airport infrastructure Portfolio and the marquee private placement is among the largest-ever completed in India. |
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