In a major financial milestone, AD Ports Group has successfully refinanced and expanded its existing Revolving Credit Facility (RCF) from $1 billion to an impressive $2.125 billion. The new facility, offered in both AED and USD tranches, reflects growing investor confidence in the Group’s strategic trajectory and financial stability.
Improved Terms and Extended Maturity
This refinancing effort not only increases the credit facility but also optimises its terms. The maturity period for the RCF has been extended from 2026 to 2028, with a provision to further extend it until 2030. Additionally, the Group has secured better interest margins, reflecting its improved creditworthiness and a favourable lending environment.
Strong Investor Interest
The revamped facility witnessed oversubscription by more than 2.5 times, attracting substantial interest from financial institutions across the globe. Banks from the Middle East, Europe, Asia, and other international markets have shown robust participation, allowing AD Ports Group to expand its banking network from nine to 18 banks.
CFO’s Statement
Martin Aarup, Group Chief Financial Officer of AD Ports Group, expressed his gratitude for the overwhelming support, stating:
“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.”
Credit Ratings
AD Ports Group’s strong financial position is underscored by its high credit ratings. The Group holds an AA- (stable) rating from Fitch and an A1 (stable) rating from Moody’s, reflecting its resilience and robust performance in the face of global economic challenges.
This landmark refinancing positions AD Ports Group to continue its ambitious growth strategy, reinforcing its liquidity and enabling it to meet long-term objectives efficiently.
