Billion Dollar Deals by Oyemaja
Welcome to Oyemaja Billion Dollar Deals, where we highlight and discuss the impact of the most complex big-ticket transactions in the world by Nigerian lawyers and law firms.
Nigeria Sovereign Investment Authority (NSIA) and Infrastructure Credit Guarantee Company Limited (InfraCredit) Construction Finance Warehouse Facility
Firm: Templars
Year: 2023
Country: Nigeria
Client: Nigeria Sovereign Investment Authority (NSIA); Infrastructure Credit Guarantee Company Limited.
Value: 100 Billion Naira.
Industry/Sector: Construction.
Structure: Project Finance
Team: Desmond Ogba (Lead), Osarugue Tracy Izekor, Amadi Ijiomah, Elizabeth Tuvié Towéh.
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Expansion of Kalambaina Plant in Sokoto State
Firm: Olaniwun Ajayi
Year: 2023
Country: Nigeria
Client: BUA Cement Plc
Value: 1 Billion Dollars
Industry/Sector: Construction
Structure: Debt Financing
Team: Dr. Gabriel Onagoruwa, Wolemi Esan, Ibi Ogunbiyi, Chinenye Ajayi, Ganiyat Seriki, Chuks Ibechukwu and Juanita Derex-Briggs.
Firm on the other side: Udo Udoma & Belo-Osagie; Pinsent Mansons
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MTN Nigeria Communications PLC (MTN) Series 6 & 7 Commercial Paper Issuance
Firm: Udo Udoma & Belo-Osagie
Year: 2023
Country: Nigeria
Client: MTN Nigeria
Value: 250 Billion Naira
Industry/Sector: Telecommunications
Structure: Commercial Paper Issuance
Team: Yinka Edu, Joseph Eimunjeze, Lisa Esamah, Damilola Opayinka, Itoro Uwemedimo Etim, and Iheoma Njoku.
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Unsecured Financing Of Up To Us$300 Million From Afrexim Bank And The Issuance Of Mandatory Convertible Notes
Firm: Aluko & Oyebode
Year: 2023
Country: Nigeria
Client: Access Holdco & Access Bank Plc
Value: 300 Million Dollars
Industry/Sector: Banking
Structure: Project Financing
Team: Ayodeji Oyetunde, Funmilayo Otsemobor, Oluwatamilore Oluwalaiye, Victor Oluwajobi, Michael Nwanneka, Adeyemi Ayeku.
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Acquisition of majority stake in FTN Cocoa Processors PLC
Firm: Banwo & Ighodalo
Year: 2023
Country: Nigeria
Client: Norfund
Value: 12 Million Dollars
Industry/Sector: Agriculture
Structure: Acquisition
Credit Enhancement of Darway Coast Nigeria Limited’s Green Debt Issue.
Firm: Detail Solicitors
Year: 2022
Country: Nigeria
Client: InfraCredit
Value: 10 Million Pounds
Industry/Sector: Clean Energy
Structure: Debt Financing
Team: Anthony Ezeamama, Temiloluwa Sotonwa, Timiebi Edo and Anne Fisher.
Purchase of a 80,025 GT floating, production, storage and offshore vessel - FPSO MAYO ABO (Ex ABO FPSO) from BW Abo Pte Ltd.
Firm: Bloomfield
Year: 2023
Country: Nigeria
Client: STAC Marine Offshore Limited
Industry/Sector: Shipping / Maritime
Structure: Charter Agreement
Team: Adedoyin Afun, Ebele Folorunsho, Michael Abiiba, Adebisi Lamidi, Ugochukwu Eze, Abiodun Ogunbameru and Peace Urherebrume.
Intra-African trade investment finance facility (the “Facility”) to Access Holdings Plc (“Access HoldCo”)
Firm: G.Elias
Year: 2023
Country: Nigeria
Client: African Export-Import Bank (Afreximbank)
Value: 300 million dollars
Industry/Sector: Banking
Structure: Investment Finance
Orosur Lithium Exploration JV in Nigeria
Firm: Udo Udoma & Belo-Osagie
Year: 2023
Country: Nigeria
Client: Orosur Mining Limited
Value: 5 million dollars
Industry/Sector: Mining and Minerals
Structure: Joint Venture Agreement
Team: Lolade Ososami, Amina Ibrahim, Etido David and Fortune Ihator
Construction of over 30MW of Rensource Energy Commercial and Industrial Limited’s commercial and industrial portfolio in the next 3 years
Firm: Udo Udoma & Belo-Osagie
Year: 2023
Country: Nigeria
Client: ECHOSYS Invest
Value: (Up to) 15 million dollars
Industry/Sector: Renewable Energy
Structure: Debt Finance
Team: Adeola Sunmola, Chisom Okolie, Maryam Salami, Iwuozo Godson, Opeyemi Alexander Adeshina and Ikenna Edeh.
65 million dollars senior secured facility for the procurement, construction, and operation of hybrid energy solutions for telecommunications infrastructure in Gabon, Nigeria, and Sub-Saharan Africa.
Firm: Udo Udoma & Belo-Osagie
Year: 2023
Country: Nigeria
Client: Mirova SunFunder Inc; Nederlandse Energie Maatschappij (NLE) Financierings-Maatschappij voor Ontwikkelingslanden N.V (“FMO”) and Development Bank of Austria (“OeEB”)
Value: 65 million dollars
Industry/Sector: Renewable Energy; Banking and Finance
Team: Adeola Sunmola, Victor Samuel and Iwuozo Godson.
Rice commodities tradable forward contracts offering: the establishment of a N30Billion Private Commodity Note Programme, and the issuance of Series 1 N5Billion Notes under the Programme.
Firm: G.Elias
Year: 2023
Country: Nigeria
Client: Tradenet Ltd., Lagos Commodities and Futures Exchange (“LCFE”), Lagos State Government.
Value: 30 billion Naira
Industry/Sector: Agriculture
Chapel Hill Denham’s Infrastructure Debt Fund for Tizeti’s state-or-art broadband network and expansion into 15 states in Nigeria.
Firm: Aluko & Oyebode
Year: 2023
Country: Nigeria
Client: Tizeti Network Limited.
Value: 30 billion Naira
Industry/Sector: Telecommunications
Structure: Debt Financing
Team: Oludare Senbore, Oluwatamilore Oluwalaiye, Adeyemi Ayeku and Elijah Joseph.
Saroafrica International Ltd Twenty-five billion Naira Commercial Paper Issuance Programme
Firm: Udo Udoma & Belo-Osagie
Year: 2023
Country: Nigeria
Client: Saroafrica International Limited
Value: 25 billion Naira
Industry/Sector: Consumer Goods and Agriculture
Structure: Debt Financing
Team: Yinka Edu, Ekundayo Onajobi, Lisa Esamah, Damilola Opayinka, Ikenna Edeh, Tomisin Taiwo, and Adaobi Omosefe Uzo.
USD 25 million counter-guarantee to InfraCredit
Firm: Aluko & Oyebode
Year: 2023
Country: Nigeria
Client: GuarantCo
Value: 25 Million Dollars
Industry/Sector: Financial Markets
Structure: Counter Guarantee
Team: Oghogho Makinde, Olagoke Kuye, Oghenetega Abu and Funmilola Aliu
