Group will broaden its banking pool from nine to 18 banks
AD Ports Group has successfully refinanced and upsized its existing Revolving Credit Facility (RCF) from US$ 1bn to US$ 2.125bn. This move aims to optimise the Group’s financing costs by improving interest margins and extending the maturity of the RCF from 2026 to 2028, with an option to extend further until 2030.
The new facility has garnered significant interest from local, regional, European, Asian, and international banks, leading to an oversubscription of over 2.5 times the facility amount.
With the new RCF in place, AD Ports Group will broaden its banking pool from nine to 18 banks, enhancing its financial flexibility and access to a larger funding pool, according to a press release.
“This refinancing allows us to optimise our financing costs and strengthens our liquidity position to support our short and medium-term growth objectives,” stated Martin Aarup, Group Chief Financial Officer, AD Ports Group.
