On Wednesday, Adani Enterprises informed that Mumbai International Airport Ltd (MIAL), which operates the Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai, which is the second-largest airport in India, has been raised $750 million from Apollo credit funds.

Issuance of Notes will be utilized for refinancing existing debt and capitalization fund wherein expenditure requirements of an issuer as per the applicable laws.

“Apollo’s Credit business was able to provide a scaled, long-term capital solution for MIAL, with the majority of proceeds from the 7.25-years, $750 million notes to refinance existing shorter maturity loans and new capital expenditure. MIAL is an iconic asset within AAHL’s expanding airport infrastructure Portfolio, and the private marquee placement is among the largest-ever completed in India,” the Adani Group firm announced.

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Recently, Adani Airport Holdings Ltd (AAHL) announced the financial closure of Navi Mumbai, including the first step transaction marked by a capital management plan. Allen and Overy and Cyril Amarchand Mangaldass acted as legal advisors to MIAL for the issuance, while Linklaters and Talvar Thakore and Associates acted as legal advisors to Apollo.