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  1. 3 days ago · This is a thank you to the Canadian Apple team who brought us ADEs together and gave us what these days is the rarest of gifts: room to think.

  2. 1 day ago · ADES Holding, a provider of drilling services in the Middle East and North Africa and a Fortune 500 Arabia company, announced that it has secured a USD 3 billion credit facility. The company said that the purpose of the financing is to provide a readily available facility to support its ambitious expansion plans, according to a statement on the ...

  3. 1 day ago · The upsized facility is a top-up to ADES’ existing syndicated facility secured in 2021. The new US$3 billion multi-tranche and multi-currency facility is predominantly intended as a standby facility for ADES’ ambitious expansion plans, divided into the equivalent of a US$2.7 billion standby term tranche and additional US$300 million revolving working capital facility tranche. The ...

  4. 5 days ago · Offshore gas production in Southeast Asia is set to unlock a $100bn potential, driven by several planned final investment decisions expected to materialise by 2028, according to Rystad Energy’s ...

  5. 2 days ago · ADES Holding Co. successfully amended its existing syndicated facility, securing an additional $3 billion (SAR 11.3 billion), with the majority of existing lenders participating along with new local and regional financial institutions.

  6. 2 days ago · Saudi Arabia-based offshore drilling service provider ADES Holding Company has amended its existing syndicated facility to upsize it with an additional $3 billion to support its expansion plans. The facilities include a $2.7 billion standby term tranche with an 8.5-year maturity and a $300 million revolving credit facility (RCF) with an eight ...

  7. 1 day ago · July 15, 2024. Reuters/Amir Cohen. Driller Ades Holding upsized its existing syndicate facility through a standby term tranche of $2.7bn. Saudi oil and gas driller Ades Holding has secured an additional $3 billion from local and regional banks to support potential acquisitions and organic growth. The Public Investment Fund (PIF)-backed company ...