{"id":1459,"date":"2023-04-04T07:20:00","date_gmt":"2023-04-04T07:20:00","guid":{"rendered":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/?p=1459"},"modified":"2026-06-17T07:23:46","modified_gmt":"2026-06-17T07:23:46","slug":"ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks","status":"publish","type":"post","link":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/2023\/04\/04\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\/","title":{"rendered":"AD Ports Group Secures USD 2 Billion Corporate Facility with Syndicate of 13 Banks"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"","protected":false},"author":56,"featured_media":1462,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_trash_the_other_posts":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"editor_notices":[],"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Agreement With a Syndicate of 13 Banks | AD Ports Group - ADPortsGroup<\/title>\n<meta name=\"description\" content=\"AD Ports Group announced the signing of a General Corporate Facility agreement with a syndicate of 13 regional and international banks. Read more\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/2023\/04\/04\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Agreement With a Syndicate of 13 Banks | AD Ports Group - ADPortsGroup\" \/>\n<meta property=\"og:description\" content=\"AD Ports Group announced the signing of a General Corporate Facility agreement with a syndicate of 13 regional and international banks. Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/2023\/04\/04\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\/\" \/>\n<meta property=\"og:site_name\" content=\"ADPortsGroup\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-04T07:20:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-17T07:23:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-content\/uploads\/sites\/38\/2026\/06\/AD-Ports-Group-Agreement-With-Syndicate-of-13-Banks.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2100\" \/>\n\t<meta property=\"og:image:height\" content=\"1510\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"jainul.abdeen@adports.ae\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"jainul.abdeen@adports.ae\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/wpvip.adportsgroup.com\\\/adportsgroup\\\/2023\\\/04\\\/04\\\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/wpvip.adportsgroup.com\\\/adportsgroup\\\/2023\\\/04\\\/04\\\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\\\/\"},\"author\":{\"name\":\"jainul.abdeen@adports.ae\",\"@id\":\"https:\\\/\\\/wpvip.adportsgroup.com\\\/adportsgroup\\\/#\\\/schema\\\/person\\\/debe376dcf1eef29e7b6866784a99b94\"},\"headline\":\"AD Ports Group Secures USD 2 Billion Corporate Facility with Syndicate of 13 Banks\",\"datePublished\":\"2023-04-04T07:20:00+00:00\",\"dateModified\":\"2026-06-17T07:23:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/wpvip.adportsgroup.com\\\/adportsgroup\\\/2023\\\/04\\\/04\\\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\\\/\"},\"wordCount\":12,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/wpvip.adportsgroup.com\\\/adportsgroup\\\/2023\\\/04\\\/04\\\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/wpvip.adportsgroup.com\\\/adportsgroup\\\/wp-content\\\/uploads\\\/sites\\\/38\\\/2026\\\/06\\\/AD-Ports-Group-Agreement-With-Syndicate-of-13-Banks.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/wpvip.adportsgroup.com\\\/adportsgroup\\\/2023\\\/04\\\/04\\\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/wpvip.adportsgroup.com\\\/adportsgroup\\\/2023\\\/04\\\/04\\\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\\\/\",\"url\":\"https:\\\/\\\/wpvip.adportsgroup.com\\\/adportsgroup\\\/2023\\\/04\\\/04\\\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\\\/\",\"name\":\"Agreement With a Syndicate of 13 Banks | AD Ports Group - ADPortsGroup\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/wpvip.adportsgroup.com\\\/adportsgroup\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/wpvip.adportsgroup.com\\\/adportsgroup\\\/2023\\\/04\\\/04\\\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/wpvip.adportsgroup.com\\\/adportsgroup\\\/2023\\\/04\\\/04\\\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/wpvip.adportsgroup.com\\\/adportsgroup\\\/wp-content\\\/uploads\\\/sites\\\/38\\\/2026\\\/06\\\/AD-Ports-Group-Agreement-With-Syndicate-of-13-Banks.jpg\",\"datePublished\":\"2023-04-04T07:20:00+00:00\",\"dateModified\":\"2026-06-17T07:23:46+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/wpvip.adportsgroup.com\\\/adportsgroup\\\/#\\\/schema\\\/person\\\/debe376dcf1eef29e7b6866784a99b94\"},\"description\":\"AD Ports Group announced the signing of a General Corporate Facility agreement with a syndicate of 13 regional and international banks. Read more\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/wpvip.adportsgroup.com\\\/adportsgroup\\\/2023\\\/04\\\/04\\\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/wpvip.adportsgroup.com\\\/adportsgroup\\\/2023\\\/04\\\/04\\\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/wpvip.adportsgroup.com\\\/adportsgroup\\\/2023\\\/04\\\/04\\\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\\\/#primaryimage\",\"url\":\"https:\\\/\\\/wpvip.adportsgroup.com\\\/adportsgroup\\\/wp-content\\\/uploads\\\/sites\\\/38\\\/2026\\\/06\\\/AD-Ports-Group-Agreement-With-Syndicate-of-13-Banks.jpg\",\"contentUrl\":\"https:\\\/\\\/wpvip.adportsgroup.com\\\/adportsgroup\\\/wp-content\\\/uploads\\\/sites\\\/38\\\/2026\\\/06\\\/AD-Ports-Group-Agreement-With-Syndicate-of-13-Banks.jpg\",\"width\":2100,\"height\":1510,\"caption\":\"AD Ports Group Secures USD 2 Billion Corporate Facility with Syndicate of 13 Banks\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/wpvip.adportsgroup.com\\\/adportsgroup\\\/2023\\\/04\\\/04\\\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/wpvip.adportsgroup.com\\\/adportsgroup\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"AD Ports Group Secures USD 2 Billion Corporate Facility with Syndicate of 13 Banks\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/wpvip.adportsgroup.com\\\/adportsgroup\\\/#website\",\"url\":\"https:\\\/\\\/wpvip.adportsgroup.com\\\/adportsgroup\\\/\",\"name\":\"ADPortsGroup\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/wpvip.adportsgroup.com\\\/adportsgroup\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/wpvip.adportsgroup.com\\\/adportsgroup\\\/#\\\/schema\\\/person\\\/debe376dcf1eef29e7b6866784a99b94\",\"name\":\"jainul.abdeen@adports.ae\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9fbbffec0b473f5815fe92a582fb0cf206a6e93afad499925e6ee7b6594921c4?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9fbbffec0b473f5815fe92a582fb0cf206a6e93afad499925e6ee7b6594921c4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9fbbffec0b473f5815fe92a582fb0cf206a6e93afad499925e6ee7b6594921c4?s=96&d=mm&r=g\",\"caption\":\"jainul.abdeen@adports.ae\"},\"url\":\"https:\\\/\\\/wpvip.adportsgroup.com\\\/adportsgroup\\\/author\\\/jainul-abdeenadports-ae\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Agreement With a Syndicate of 13 Banks | AD Ports Group - ADPortsGroup","description":"AD Ports Group announced the signing of a General Corporate Facility agreement with a syndicate of 13 regional and international banks. Read more","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/2023\/04\/04\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\/","og_locale":"en_US","og_type":"article","og_title":"Agreement With a Syndicate of 13 Banks | AD Ports Group - ADPortsGroup","og_description":"AD Ports Group announced the signing of a General Corporate Facility agreement with a syndicate of 13 regional and international banks. Read more","og_url":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/2023\/04\/04\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\/","og_site_name":"ADPortsGroup","article_published_time":"2023-04-04T07:20:00+00:00","article_modified_time":"2026-06-17T07:23:46+00:00","og_image":[{"width":2100,"height":1510,"url":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-content\/uploads\/sites\/38\/2026\/06\/AD-Ports-Group-Agreement-With-Syndicate-of-13-Banks.jpg","type":"image\/jpeg"}],"author":"jainul.abdeen@adports.ae","twitter_card":"summary_large_image","twitter_misc":{"Written by":"jainul.abdeen@adports.ae","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/2023\/04\/04\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\/#article","isPartOf":{"@id":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/2023\/04\/04\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\/"},"author":{"name":"jainul.abdeen@adports.ae","@id":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/#\/schema\/person\/debe376dcf1eef29e7b6866784a99b94"},"headline":"AD Ports Group Secures USD 2 Billion Corporate Facility with Syndicate of 13 Banks","datePublished":"2023-04-04T07:20:00+00:00","dateModified":"2026-06-17T07:23:46+00:00","mainEntityOfPage":{"@id":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/2023\/04\/04\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\/"},"wordCount":12,"commentCount":0,"image":{"@id":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/2023\/04\/04\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\/#primaryimage"},"thumbnailUrl":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-content\/uploads\/sites\/38\/2026\/06\/AD-Ports-Group-Agreement-With-Syndicate-of-13-Banks.jpg","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/wpvip.adportsgroup.com\/adportsgroup\/2023\/04\/04\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/2023\/04\/04\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\/","url":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/2023\/04\/04\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\/","name":"Agreement With a Syndicate of 13 Banks | AD Ports Group - ADPortsGroup","isPartOf":{"@id":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/2023\/04\/04\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\/#primaryimage"},"image":{"@id":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/2023\/04\/04\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\/#primaryimage"},"thumbnailUrl":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-content\/uploads\/sites\/38\/2026\/06\/AD-Ports-Group-Agreement-With-Syndicate-of-13-Banks.jpg","datePublished":"2023-04-04T07:20:00+00:00","dateModified":"2026-06-17T07:23:46+00:00","author":{"@id":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/#\/schema\/person\/debe376dcf1eef29e7b6866784a99b94"},"description":"AD Ports Group announced the signing of a General Corporate Facility agreement with a syndicate of 13 regional and international banks. Read more","breadcrumb":{"@id":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/2023\/04\/04\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wpvip.adportsgroup.com\/adportsgroup\/2023\/04\/04\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/2023\/04\/04\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\/#primaryimage","url":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-content\/uploads\/sites\/38\/2026\/06\/AD-Ports-Group-Agreement-With-Syndicate-of-13-Banks.jpg","contentUrl":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-content\/uploads\/sites\/38\/2026\/06\/AD-Ports-Group-Agreement-With-Syndicate-of-13-Banks.jpg","width":2100,"height":1510,"caption":"AD Ports Group Secures USD 2 Billion Corporate Facility with Syndicate of 13 Banks"},{"@type":"BreadcrumbList","@id":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/2023\/04\/04\/ad-ports-group-secures-usd-2-billion-corporate-facility-with-syndicate-of-13-banks\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/"},{"@type":"ListItem","position":2,"name":"AD Ports Group Secures USD 2 Billion Corporate Facility with Syndicate of 13 Banks"}]},{"@type":"WebSite","@id":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/#website","url":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/","name":"ADPortsGroup","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/#\/schema\/person\/debe376dcf1eef29e7b6866784a99b94","name":"jainul.abdeen@adports.ae","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/9fbbffec0b473f5815fe92a582fb0cf206a6e93afad499925e6ee7b6594921c4?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9fbbffec0b473f5815fe92a582fb0cf206a6e93afad499925e6ee7b6594921c4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9fbbffec0b473f5815fe92a582fb0cf206a6e93afad499925e6ee7b6594921c4?s=96&d=mm&r=g","caption":"jainul.abdeen@adports.ae"},"url":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/author\/jainul-abdeenadports-ae\/"}]}},"jetpack_featured_media_url":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-content\/uploads\/sites\/38\/2026\/06\/AD-Ports-Group-Agreement-With-Syndicate-of-13-Banks.jpg","jetpack_sharing_enabled":true,"meta_box":{"gnc_map_image":false,"gnc_select_layout":false,"gnc_title":false,"gnc_description":false,"dbt_section_top_title":false,"dbt_brochure_title":false,"dbt_brochure_sub_heading":false,"dbt_brochure_description":false,"dbt_brochure_image":false,"dbt_button_text":false,"dbt_button_url":false,"dbt_form_title":false,"dbt_form_subtitle":false,"dbt_form_shortcode":false,"dbt_thankyou_page_url":false,"dbt_file_url":false,"dbt_submit_form_to":false,"acg_section_title":false,"acg_filter_label":false,"acg_awards":[],"nl_title":false,"nl_overlay_image":false,"nl_read_more_text":false,"nl_group":[],"two_cl_title":false,"two_cl_description":false,"wysiwyg_editor_content":false,"ctab_bg_color":false,"ctab_video":false,"ctab_image":false,"ctab_heading":false,"ctab_sub_heading":false,"ctab_group":[],"tts_heading":false,"tts_description":false,"tts_slider":[],"tts_overlay_image":false,"tpg_heading":false,"tpg_description":false,"tpg_overlay_image":false,"tpg_tabs":[],"ht_main_heading":false,"tabs":[],"t_image":false,"t_message_text":false,"t_name_text":false,"t_title_text":false,"t_show_quotemark_on_message":false,"t_variant":false,"sc_bg_image":false,"sc_heading":false,"service_cards_group":[],"panels_group":[],"cci_block_style":false,"cis_background_color":false,"cis_layout_width":false,"cis_image":false,"cis_image_position":false,"cis_image_border_radius":false,"cis_title":false,"cis_description":false,"cis_button_text":false,"cis_open_in_new_tab":false,"cis_button_url":false,"cis_decorative_image":false,"ic_is_featued_post":"1","ic_show_featued_image":"1","intro_content":"<p><em>The multi-currency syndicated facility received healthy demand as it was 3.7 times oversubscribed<br \/>\n<\/em><br \/>\n<strong>Abu Dhabi, UAE \u2013 4 April 2023<\/strong>: AD Ports Group (ADX: ADPORTS), the leading facilitator of global trade, logistics, and industry, today announced the signing of a General Corporate Facility agreement with a syndicate of 13 regional and international banks.<\/p>\n<p>The multi-currency facility, equivalent to around USD 2 billion, includes three tranches amounting to EUR 600 million, USD 620 million, and AED 2,863 million with a tenure of up to 2.5 years.<\/p>\n<p>The demand for the facility was overwhelming, with commitments of USD 7.4 billion in total from the participating banks. The funding requirement was therefore 3.7x oversubscribed, demonstrating the confidence that the banking sector has in AD Ports Group\u2019s financial health and future prospects.<\/p>\n<p>In addition to strong demand for this new syndicate facility, AD Ports Group managed to improve pricing compared with the USD 1 billion RCF that the Group had secured in 2021.<br \/>\nAD Ports Group is A+ credit rated by both Fitch and S&amp;P Global, which reaffirmed their ratings post-listing and post recent announcements of acquisitions.<\/p>\n<p><strong>Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group<\/strong>, said: \"The success in raising the USD 2 billion facility reflects our profitable and enduring business as well as underscoring AD Ports Group's strong financial position and the confidence that the banking sector has in our organisation\u2019s robust long-term financial performance. This recent announcement also goes further to reinforce our ambitious strategic development plans and the UAE's wise leadership\u2019s vision for economic diversification.\u201d<\/p>\n<p>First Abu Dhabi Bank and Citibank were the co-ordinators and bookrunners, while Mizuho Bank and Abu Dhabi Commercial Bank were the additional bookrunners. Soci\u00e9t\u00e9 G\u00e9n\u00e9rale and Emirates NBD Capital Limited acted as Mandated Lead Arrangers.<\/p>\n<p>Standard Chartered Bank, HSBC Bank Middle East, BNP Paribas, Cr\u00e9dit Agricole Corporate and Investment Bank and Bank of China were Lead Arrangers while Sumitomo Mitsui Banking Corporation and Industrial and Commercial Bank of China Limited, Dubai (DIFC) Branch acted as Arrangers.<br \/>\nThe Facility Agent for the agreement is Abu Dhabi Commercial Bank.<\/p>\n","show_read_more":"0","content_for_read_more":""},"_links":{"self":[{"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/posts\/1459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/comments?post=1459"}],"version-history":[{"count":1,"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/posts\/1459\/revisions"}],"predecessor-version":[{"id":1463,"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/posts\/1459\/revisions\/1463"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/media\/1462"}],"wp:attachment":[{"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/media?parent=1459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/categories?post=1459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/tags?post=1459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}