Dubai-based logistics and transportation specialist Tristar Group has secured a $770 million credit facility from a consortium of regional and international lenders, marking a significant refinancing move for the company as it reshapes its debt profile.
The agreement, backed by a five-year term, includes two extension options that could provide additional flexibility over the life of the financing package. Tristar also retains the option to increase the facility by a further $50 million within three months of signing.
In a parallel step, the company is working on adding a $30 million Shariah-compliant tranche to the overall financing structure, broadening its funding mix and catering to Islamic finance requirements.
According to the company, the bulk of the proceeds will be directed toward refinancing existing borrowings, while the remaining funds will support general corporate activities.
Tristar operates as a subsidiary of Agility Global PLC and is a key player in the Gulf’s logistics sector, with operations spanning fuel logistics, transportation, warehousing and supply chain services across multiple international markets.
