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Mar 11, 2026 12:00 PM

Apollo Provides $500 Million of Senior Secured Private Placement to Adani Energy Solutions for Subsidiary's Transmission Assets

NEW YORK and MUMBAI, India, March 11, 2026 (GLOBE NEWSWIRE) -- Apollo (NYSE:APO) today announced that Apollo-managed funds, affiliates and other long-term investors have purchased $500 million of investment-grade rated senior secured private placement notes from ATSOL Global IFSC Limited, a subsidiary of Adani Transmission Step-One Limited ("ATSOL"), itself a subsidiary of one of India's largest private-sector power transmission and distribution company, Adani Energy Solutions Limited ("AESL").

An established owner and operator of regulated transmission assets, ATSOL represents a portion of AESL's expansive power transmission network in Western and Northern India. The senior notes will be used primarily to refinance bonds maturing in late 2026 and offer the company enhanced balance sheet flexibility to pursue long-term capital expenditure initiatives in support of power infrastructure development and distribution across 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. "We are proud ...