BGN has successfully refinanced and increased its ADEX backed revolving credit facility to $400 million, marking a significant milestone in the company’s growth trajectory and reinforcing its strong standing across international commodity and financial markets.
The signing ceremony was held by ADEX in Abu Dhabi, under the direction of His Excellency Mohamed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development and Chairman of the Export Executive Committee, ADEX. On behalf of BGN, the agreement was signed by Deia Markova, Executive Director, Finance, ESG and Strategy. First Abu Dhabi Bank PJSC (FAB) acted as Sole Coordinator and Sole Bookrunner on the transaction.
“This landmark transaction led by ADEX and FAB, builds on BGN’s longstanding partnership with leading regional and international financial institutions, and further demonstrates the trust and confidence that our financial partners place in BGN,” said Rui Florencio, BGN Chief Financial Officer. “This significantly increased finance facility will enable BGN to achieve its growth and diversification strategy as we expand our business into new sectors including LNG, critical minerals and metals.”
The deal is supported by a further 14 lenders from the Middle East, as well as financial institutions from Mauritius, South Africa and Taiwan. Among the participating banks are: Abu Dhabi Commercial Bank, Al Ahli Bank of Kuwait, Commercial Bank of Dubai, AfrAsia Bank, National Bank of Ras Al Khaimah, SBM Bank, BCP Bank, Emirates NBD Bank, Nedbank Limited London Branch, Arab Bank, First Commercial Bank, National Bank of Fujairah, United Arab Bank, and Ajman Bank.
The deal was significantly oversubscribed, reflecting strong lender confidence in BGN’s trading strength and growth strategy.
“The successful expansion of this facility reflects ADEX’s continued commitment to enabling UAE-linked companies to scale globally and strengthen their competitiveness across international markets,” said Khalil Al Mansoori, ADEX Executive Director. “This transaction demonstrates the confidence of a broad base of regional and international lenders in BGN’s business model, while also underscoring ADEX’s role in mobilizing strategic capital that supports trade flows, diversification, and the development of future-focused energy value chains.
