AD Ports Group has successfully refinanced and expanded its existing Revolving Credit Facility (RCF) from US$1 billion to US$2.125 billion, available in both AED and USD tranches.
This strategic move aims to optimize financial costs by securing improved interest rates and extending the facility’s maturity from 2026 to 2028, with an option for further extension until 2030.
The revamped facility attracted strong interest from local, regional, European, Asian, and international banks, resulting in an oversubscription exceeding 2.5 times the facility amount.
With this new arrangement, AD Ports Group will expand its banking network from nine to 18 institutions, enhancing its financial flexibility and access to a more extensive funding base. The Group holds a robust credit rating of “AA-” with a stable outlook from Fitch and A1 with a stable outlook from Moody’s Ratings.
Martin Aarup, Chief Financial Officer of AD Ports Group, stated: “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. 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.”
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AD Ports Group secures US$2 billion refinancing deal
