### Adani Airports Secures $1 Billion Financing for Mumbai International Airport Expansion Adani Airports Holdings Limited (AAHL), a subsidiary of Adani Enterprises, has successfully secured **USD 1 billion** in financing from global investors to support the development and expansion of Mumbai International Airport (MIAL). This significant funding marks a pivotal moment for India's infrastructure sector, as it represents the country's first investment-grade private bond issuance in airport infrastructure. The financing will not only aid in the construction and modernization of the airport but also align with sustainability goals, including a target for net-zero emissions by 2029. The deal was primarily led by New York-based Apollo Global Management, with contributions from other major investors such as MetLife and BlackRock [http://www.oneindia.com/india/adani-airports-secures-usd-1-billion-financing-mumbai-airport-012-7781597.html, https://www.business-standard.com/markets/capital-market-news/adani-airports-holdings-secures-usd-1-billion-project-finance-for-mumbai-international-airport-125062400716_1.html, https://money.rediff.com/news/market/adani-airports-secures-1-billion-for-mumbai-airport/28991320250624]. ### Breakdown of the Financing Structure and Purpose 1. **Financing Structure**: - The financing includes **USD 750 million** in notes maturing in July 2029, which will be used for refinancing existing debt. - An additional **USD 250 million** can be raised, bringing the total potential financing to **USD 1 billion** [https://www.business-standard.com/companies/news/adani-group-mumbai-airport-secures-750-mn-deal-with-apollo-led-investors-125062400161_1.html, https://www.devdiscourse.com/article/business/3479630-adani-group-secures-landmark-1-billion-bond-for-mumbai-airport]. 2. **Purpose of the Financing**: - The funds will be allocated for the **development, modernization, and capacity enhancement** of Mumbai International Airport. - The financing will also support **sustainability initiatives**, including the goal of achieving net-zero emissions by 2029 [https://www.thehindubusinessline.com/economy/logistics/adanis-mumbai-airport-arm-secures-750-million-from-apollo-led-group/article69730298.ece, https://www.moneycontrol.com/news/business/adani-airports-raises-1-billion-in-funding-for-mumbai-international-airport-13167633.html]. ### Supporting Evidence and Data - **Investment Details**: - **Total Financing**: USD 1 billion - **Initial Notes**: USD 750 million - **Additional Funding Option**: USD 250 million - **Maturity of Notes**: July 2029 - **Sustainability Goal**: Net-zero emissions by 2029 [https://www.business-standard.com/markets/capital-market-news/adani-airports-holdings-secures-usd-1-billion-project-finance-for-mumbai-international-airport-125062400716_1.html, https://www.devdiscourse.com/article/business/3479630-adani-group-secures-landmark-1-billion-bond-for-mumbai-airport]. ### Conclusion and Implications In summary, **Adani Airports Holdings has secured a landmark financing deal of USD 1 billion**, which will significantly bolster the development and modernization of Mumbai International Airport. This financing not only enhances the airport's capacity and infrastructure but also aligns with critical sustainability goals. The involvement of major global investors like Apollo Global Management underscores the confidence in India's infrastructure potential and the strategic importance of Mumbai as a key aviation hub. 1. **Financing secured**: USD 1 billion for MIAL. 2. **Structure**: USD 750 million in notes and an option for USD 250 million. 3. **Purpose**: Development, modernization, and sustainability initiatives. 4. **Significance**: First investment-grade private bond issuance in Indian airport infrastructure [https://www.business-standard.com/markets/capital-market-news/adani-airports-holdings-secures-usd-1-billion-project-finance-for-mumbai-international-airport-125062400716_1.html, https://www.devdiscourse.com/article/business/3479630-adani-group-secures-landmark-1-billion-bond-for-mumbai-airport].