AD Ports Group Signs Agreement to Refinance USD 2.5 Billion Debt

AD Ports Group signed an agreement with First Abu Dhabi Bank (FAB) and Emirates NBD (ENBD) to refinance its AED 9.175 billion (USD 2.5 billion) syndicated loan one year ahead of schedule.
The new facility has a three-year tenor maturing in March 2029 and includes an additional AED 3 billion accordion option.
The transaction replaces a medium-term facility arranged in September 2024 to optimize financing costs and provide flexibility to capitalize on favorable market conditions.