Adani Group’s airport unit has secured a USD 150 mn syndicated loan backed by First Abu Dhabi Bank (FAB), Bloomberg reports, citing people it says are familiar with the matter. The syndicated FCY-denominated loan — provided by a consortium also including Barclays, DBS, and Mitsubishi UFJ Financial Group (MUFG) — was priced at approximately 300 bps over SOFR at a four-year tenor.

We knew this was coming: We first heard that Adani Airports were in talks with FAB and other international lenders over a syndicated loan back in April. The figure was put then at USD 750 mn.

There’s more: Adani Ports & Special Economic Zone separately closed a USD 125 mn bilateral facility with MUFG. The loan also comes with a tenor of four years, but was priced at a lower rate of 215 bps over SOFR.

IN CONTEXT- Adani’s airport unit has been raising plenty of funds this year to expand capacity and refinance debt. In June, it secured USD 750 mn from global investors led by Apollo Global to refinance existing debt for India’s second-largest airport, with some USD 250 mn in additional funding for capex and capacity expansion needs. The funding signals confidence in Adani despite ongoing controversy over potential fraud that had kept it under scrutiny.

REMEMBER- Indian conglomerate Adani Group is reportedly planning to publicly list its airport unit by March 2027. This listing would come as Adani Group looks to mobilize financing for its planned USD 100 bn investment push across energy, logistics, and infrastructure within the next five to six years.

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