Adani Airports Holdings Ltd (AAHL), the country’s largest private airport operator, has raised USD 750 million through external commercial borrowing (ECB) from a consortium of international banks. AAHL, a subsidiary of Adani Enterprises Ltd, has raised this amount from First Abu Dhabi Bank, Barclays PLC and Standard Chartered Bank. The company will use this amount to refinance existing debt, invest in infrastructure upgradation and expand capacity at six airports, namely Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram.
Adani Airports clinches USD 750 million global financing: Here’s how company plans to use proceeds
