AD Ports Group Expands Credit Facility To $2.125 Billion
Date
12/26/2024 4:51:55 AM
(MENAFN- The Arabian Post) AD ports Group has refinanced and increased its revolving credit facility (RCF) from $1 billion to $2.125 billion, aiming to optimize financing costs by improving interest margins and extending the facility's maturity 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 [...]">
MENAFN26122024000152002308ID1109031474
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.