With respect to our project and finance practice, we are able to advice on virtually all aspects. Our Managing Partner in her then role as Group General Counsel at First City Monument Bank Limited worked closely with specialised team of Solicitors/Attorneys both locally and internationally on related documentation and legal advisory services. Some of the projects worked on more recently include:
- Oando Energy Resources: A syndicated $350m quasi Reserve-Based Lending (RBL) for the finance of the acquisition of certain assets.
- Shoreline $550 RBL Facility: A syndicated RBL Facility arranged by Standard Bank for the finance of the acquisition of OML 30 from SPDC (Shell).
- Pacific Energy Company Ltd $120m syndication: A $120m syndicated acquisition finance to acquire Olorunsogo Power Plant by the Company.
- First Concept and Properties Ltd $65million Credit Facility: A real estate transaction, it was a request to part finance the construction and equipment of an ultra modern office building in Ikoyi, Lagos Nigeria, secured by a first ranking charge over the property and equipment being financed.
- Etisalat: A syndicated facility for Naira 155,000,000,000 and US$200,000,000 to finance general corporate purposes as a telecommunications operator in Nigeria (including refinancing all amounts outstanding under the Existing Facility).
- MTN: A $2.1 billion syndicated facility for general corporate business purposes including without limitation to refinance the Existing Facility, to finance capital expenditure and for working capital requirements.
- Lagos State/US Ex-Im Bank Facility: Advised on facility documentation on a $15m facility from Us Ex-Im Bank by FCMB Plc to be on-lent to Lagos State.
- Petrolex Oil & Gas Ltd: An N8 billion Project Finance Facility for part financing of the construction of a 300 million litre petroleum product storage terminal with supporting infrastructure in Ogun State.
- Dangote Industry Ltd: $3.3Billion Syndicated Facility advanced to Dangote to make intercompany loans to the Project Companies for various projects.
- Accugas Limited: $230m Project Finance Facility to Accugas Limited for Calabar Gas Sales and Ibom Power Project.
As part of our process of managing our Clients and their transactions efficiently, our Managing Partner supported by other skilled Attorneys, will identify with the Clients from the beginning and those factors which our Clients consider to be primarily important for an expedited and successful conclusion of their brief. Our approach is to establish a core Team of Attorneys in each unit who will be responsible for each transaction, to ensure efficiency and the delivery of personalised service.