Posted by OilVoice Press - OilVoice
ADES is pleased to announce that it signed a US$450 million syndicated credit facility to provide the Company with greater flexibility to pursue further acquisitions, in line with our post-IPO growth strategy. It is a standby credit facility where interest will be charged based on the amount of funds that are drawn.
The Facility was jointly arranged by the Bank of America Merrill Lynch and the European Bank for Reconstruction and Development, and was successfully signed with participation from 11 multi-lateral, regional and local banks. EFG Hermes Investment Banking acted as the Company's financial advisor.
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