AD Ports Group has refinanced and expanded its Revolving Credit Facility (RCF) from $1 billion to $2.125 billion. The facility, available in both AED and USD tranches, aims to optimise financing costs by improving interest margins and extending the RCF’s maturity from 2026 to 2028, with an option for further extension until 2030.
The refinancing attracted significant interest from local, regional, European, Asian and international banks, resulting in an oversubscription exceeding 2.5 times the facility amount. The new facility also expands AD Ports Group’s banking pool from nine to 18 banks, increasing financial flexibility and access to a larger funding base.
“The overwhelming interest in our new RCF and the resulting oversubscription underscore the confidence that the banking community has in AD Ports Group’s robust financial health and strategic direction,” said Martin Aarup, Group Chief Financial Officer of AD Ports Group. “This refinancing allows us to optimise our financing costs and strengthens our liquidity position to support our short and medium-term growth objectives. Additionally, the extension of the revolving credit facility maturity to 2028, with the potential to extend until 2030, provides us with greater financial flexibility and thus better planning options.”
