Mumbai Airport Gets $750 Million in Apollo Private Placement
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Mumbai International Airport Ltd. has raised $750 million from a private bond sale to Apollo Global Management Inc. after delaying a planned note issue.
The operator of India’s No. 2 airport, controlled by the country’s richest man, sold 7.25-year dollar notes to funds managed by Apollo in order to refinance existing debt and fund new capital expenditure, according to a stock exchange notice. The statement did not lay out the terms of the deal.