London & Dubai: ADES International Holding PLC (“ADES” or the “Company”), a leading oil & gas drilling and production services provider, has been recognised for ‘Corporate Bond Deal of the Year by a Debut Issuer’ by the Bonds, Loans and Sukuk Awards 2020, taking place on 24 March 2020 at the Palazzo Versace, Dubai. The awards recognise the most successful corporate bond deals over the last year. The USD 325 million issuance was recognised for its size, tenor, quality of structure, and distribution, with the proceeds being used for debt refinancing activities to relieve cash from acquisition related debt and optimising the company’s capital structure.

Commenting on the award, Dr. Mohamed Farouk, Chief Executive Officer of ADES, said:

“This award comes at an exciting time, following a period of significant transformation and growth for ADES. The bond plays a key role in funding our growth and optimising our lean capital structure, supporting the growth of our business through strategic acquisitions and geographic expansion. We will continue to deliver the superior quality services that our clients and customers have come to expect, and this award is a testament to our commitment to driving the industry in the region.”

© Press Release 2020

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.