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AD Ports Group secures $2.125 billion refinancing deal

AD Ports upsized its existing Revolving Credit Facility (RCF) from US$1 billion to US$2.125 billion.
  • The deal is also aimed at extending the facility’s maturity to 2028, with an option to extend further until 2030.
  • The increased facility, which was oversubscribed 2.5 times, will be used to support the Group’s short and medium-term growth objectives.

Abu Dhabi, UAE- AD Ports Group has successfully refinanced and upsized its existing Revolving Credit Facility (RCF) from US$1 billion to US$2.125 billion.

The move aims to optimize financing costs and extend the facility’s maturity to 2028, with an option to extend further until 2030.

The increased facility, which was oversubscribed 2.5 times, will be used to support the Group’s short and medium-term growth objectives. It also broadens AD Ports Group’s banking pool to 18 banks, enhancing its financial flexibility and access to a larger funding pool.

Martin Aarup, Group Chief Financial Officer of AD Ports Group, commented: “The strong interest in our new RCF underscores the banking community’s confidence in our financial health and strategic direction. This refinancing optimizes our financing costs and strengthens our liquidity position.”

AD Ports Group maintains a strong credit rating with Fitch and Moody’s.