{"id":88382,"date":"2025-08-21T00:00:00","date_gmt":"2025-08-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/08\/21\/fab-joins-several-banks-in-syndicated-loan-for-adani-airport\/"},"modified":"2025-08-21T00:00:00","modified_gmt":"2025-08-21T00:00:00","slug":"fab-joins-several-banks-in-syndicated-loan-for-adani-airport","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/08\/21\/fab-joins-several-banks-in-syndicated-loan-for-adani-airport\/","title":{"rendered":"FAB joins several banks in syndicated loan for Adani Airport"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Adani Group\u2019s airport unit has secured a USD 150 mn syndicated loan backed by First <\/strong><strong>Abu Dhabi Bank (FAB)<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-08-20\/adani-units-raise-275-million-offshore-debt-from-global-lenders\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people it says are familiar with the matter. The syndicated FCY-denominated loan \u2014 provided by a consortium also including Barclays, DBS, and Mitsubishi UFJ Financial Group (MUFG) \u2014 was priced at approximately 300 bps over SOFR at a four-year tenor. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this was coming: <\/strong>We first heard that Adani Airports were in talks with FAB and other international lenders over a syndicated loan <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/2fa9fb45-7c1c-4570-bf7e-987df1e9f132\/avilease-secures-usd-1.5-bn-syndicated-loan\" style=\"\" rel=\"noopener\">back in April<\/a>. The figure was put then at USD 750 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s more: <\/strong>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. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>Adani\u2019s 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\u2019s second-largest airport, with some USD 250 mn in additional funding for capex and capacity expansion needs. The funding signals confidence in Adani despite <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9b2dafdf-82c7-4267-9940-76d79ff9ac3f\/%253cmark%253eadani%253c%2Fmark%253e,-gqg-stocks-plunge-on-us-indictment\" style=\"\" rel=\"noopener\">ongoing controversy over potential fraud<\/a> that had kept it under scrutiny. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Indian conglomerate Adani Group is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/0d1e4030-5757-487a-a004-9de282281aac\/%253cmark%253eadani%253c%2Fmark%253e-group-announces-intent-to-ipo%253cmark%253eadani%253c%2Fmark%253e-airports-by-2027\" style=\"\" rel=\"noopener\">reportedly planning<\/a> 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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The loan was priced at approximately 300 bps over SOFR at a four-year tenor.<\/p>\n","protected":false},"author":1,"featured_media":88383,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[166],"tags":[145,165,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-aviation","tag-debt-watch","tag-uae","wpautop","entry"],"acf":{"mongo_id":"40e2bd53-050d-4c60-b2cc-f1c62871b02c","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/959.jpg","photo_position":"above","homepage_title":"","full_issue_title":"FAB joins several banks in syndicated loan for Adani Airport","related_issue":[88377],"teaser":"The loan was priced at approximately 300 bps over SOFR at a four-year tenor.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.9e0ba1d5-2185-4201-ba51-4a8e9e736a83.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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