AD Ports Group refinances $2.25bn syndicated loan with local banks, saving $12m in finance costs.

AD Ports Group, a UAE port operator, has refinanced a $2.25 billion syndicated loan with two local banks, potentially saving up to $12 million in finance costs over the next year. The new agreements include a medium-term facility maturing in 2.5 years and a short-term facility in 1.5 years, enhancing financial flexibility. This move aligns with the group's strategy to utilize bonds for long-term funding and extend its debt maturity profile.

September 20, 2024
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