AD Ports Group, a leading global trade, logistics, and industry enabler (ADX: ADPORTS), has successfully refinanced and upsized its Revolving Credit Facility (RCF) from $1 billion to $2.125 billion. The facility, structured in both AED and USD tranches, is a strategic move aimed at optimising financing costs, extending maturity, and boosting liquidity to support the Group’s ambitious growth plans.
Key Features of the Refinancing
- Enhanced Financial Terms:
- Lowered interest margins, reducing overall financing costs.
- Extended maturity date from 2026 to 2028, with a provision to extend further to 2030 for enhanced financial planning.
- Expanded Banking Network:
- Increased banking partners from 9 to 18, reflecting greater international confidence.
- The facility was oversubscribed by 2.5 times, attracting interest from local, regional, and international banks across Europe, Asia, and beyond.
- Strengthened Liquidity Position:
- Ensures the Group has sufficient capital to pursue short- and medium-term growth initiatives, including investments in infrastructure, trade facilitation, and logistics technology.
Strategic Financial Benefits
- Operational Resilience: With a larger funding pool and more favorable terms, AD Ports Group can better navigate dynamic market conditions and expand its global footprint.
- Increased Flexibility: The extended maturity and larger credit facility provide greater adaptability for long-term project planning and execution.
- Support for Growth Objectives: Enables investment in innovative solutions, infrastructure, and global partnerships to drive sustainable growth.
Leadership Remarks
Martin Aarup, Group Chief Financial Officer, stated:
“The overwhelming interest in our new RCF and its oversubscription by 2.5 times is a testament to the banking community’s trust in our financial strength and strategic vision. This refinancing allows us to reduce financing costs, strengthen liquidity, and enhance flexibility, supporting our commitment to achieving sustainable growth.”
Falah Mohammed Al Ahbabi, Chairman of AD Ports Group, commented:
“This achievement demonstrates our strong position in the global market and our ability to attract substantial interest from world-class financial institutions. It is a reflection of the Group’s commitment to operational excellence, innovation, and creating value for stakeholders.”
Credit Ratings and Global Reputation
AD Ports Group continues to maintain its strong credit ratings, further underscoring its financial stability:
- Fitch: Rated AA- with a stable outlook.
- Moody’s: Rated A1 with a stable outlook.
These ratings highlight the Group’s sound financial management and its pivotal role in supporting Abu Dhabi’s economic diversification strategy and global trade ambitions.
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Source: AD PORTS GROUP
