Apollo Global Management said its funds and other long-term investors, have purchased $500 million of investment-grade senior secured private placement notes issued by ATSOL Global IFSC Limited, a subsidiary of Adani Energy Solutions Limited.
The proceeds from the notes will be primarily used to refinance bonds maturing in late 2026 and strengthen the company’s balance sheet to support future capital expenditure in power transmission infrastructure.
ATSOL is part of the transmission network owned by the Adani group company, one of India’s largest private-sector power transmission and distribution operators, with assets spanning western and northern India.
“India represents a compelling infrastructure market globally with strong economic growth and long-term demand for reliable power generation,” said Apollo partner Jamshid Ehsani.
Eiji Ueda, partner and head of Asia Pacific at Apollo, said the deal highlights the firm’s strategy to back infrastructure and energy investments in India as the country continues to expand its economic and industrial capacity.
“The transaction reflects our disciplined capital management, in operation for over a decade now, with prudent maturity extension and consistent access to high-quality global capital,” said Adani Group chief financial officer Jugeshinder (Robbie) Singh.
“We aim to enhance India’s transmission and distribution infrastructure in alignment with the national priority to provide a stable and resilient energy grid for the infrastructure of intelligence.”
Latham & Watkins and Trilegal acted as legal counsel to Apollo.
