Adnoc Drilling signs USD 2 bn loan, credit facilities: Adnoc Drilling signed a USD 500 mn term loan and a USD 1.5 bn revolving credit facility, according to an ADX disclosure (pdf). The disclosure did not specify who was providing the facilities but stated that the term loan will refinance an existing facility maturing in October 2025, while the revolving facility would fund the company’s growth prospects and working capital needs.

REMEMBER- Adnoc Drilling is eyeing a second acquisition in Kuwait or Oman by early 2026, following its USD 112 mn Schlumberger agreement, and is also pursuing two tech-linked acquisitions worth about USD 350 mn through its Enersol JV with Alpha Dhabi.

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