Mumbai airport secures $750m from Apollo

India’s MIAL (Mumbai International Airport), managed by Adani Airport Holdings has raised $750 million in funding from the Apollo-managed credit funds. MIAL is the owner and operator of Mumbai's Chhatrapati Shivaji Maharaj International Airport. 

The majority of the proceeds from the seven-year $750m of senior secured private placement notes will be reportedly used to refinance short term debt and provide new capital expenditure. 

CSMIA is part of an airport network comprising eight airport assets under AAHL and is said to be one of the world’s busiest single-runway airports, as well as the second-largest airport in India.