Mumbai, June 24 -- Adani Airports Holdings Limited (AAHL), a wholly owned subsidiary of Adani Enterprises Ltd and India's largest private airport operator, has successfully secured USD 1 billion financing through a project finance structure for its Mumbai International Airport Ltd (MIAL).

According to Adani, the transaction involves the issuance of USD 750 million notes maturing July 2029 ("Notes") which shall be used for refinancing. The financing structure also includes a provision to raise an additional USD 250 million, resulting in total financing of USD 1 billion.

This framework will provide enhanced financial flexibility for the capital expenditure program of MIAL for development, modernisation, and capacity enhancement.

This is ...