Apollo Provides $750 Million High Grade Capital Solution to Mumbai International Airport Ltd. in Second Transaction

About this update from Apollo Global Management, Inc. (new)

[{"type":"image","alt":"Apollo Global Management, Inc.","displaySize":"","headline":null,"caption":"Apollo Global Management, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":47,"url":"https://media.zenfs.com/en/globenewswire.com/de33a3669652e54ef305958b7aa3086d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/m0UdnCTLhZypehiD3DQlzA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTY2O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/de33a3669652e54ef305958b7aa3086d","width":300,"height":47}},"lazy":false},{"type":"text","content":"Investment Grade Financing Supports Critical Indian Infrastructure Asset","length":72,"tagName":"p"},{"type":"text","content":"NEW YORK and MUMBAI, India, June 23, 2025 (GLOBE NEWSWIRE) --","length":61,"tagName":"p"},{"type":"text","content":"Apollo (NYSE: APO) today announced that Apollo-managed funds, affiliates and other long-term investors have completed a $750 million investment grade rated financing for the Mumbai International Airport Ltd. (MIAL), an Adani Portfolio company and subsidiary of Adani Airports Holdings Limited (AAHL), India’s largest private airport operator, that operates Chhatrapati Shivaji Maharaj International Airport (CSMIA), the second largest airport in India.","length":452,"tagName":"p"},{"type":"text","content":"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 $250 million in additional funding to accelerate capital expenditure and capacity expansion. The transaction represents one of the largest private investment grade rated deals in India’s infrastructure sector.","length":425,"tagName":"p"},{"type":"text","content":"“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.”","length":412,"tagName":"p"},{"type":"text","content":"Mr. Arun Bansal, CEO of AAHL, added, “This financing provides us with greater operational flexibility and positions us t...

More updates from Apollo Global Management, Inc. (new)