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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.

Oyemaja, Templars, Billion Dollar Deals, Nigeria Sovereign Investment Authority (NSIA) and Infrastructure Credit Guarantee Company Limited (InfraCredit) Construction Finance Warehouse Facility

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

Oyemaja, Templars, Billion Dollar Deals, Olaniwun Ajayi Law, Expansion of Kalambaina Plant in Sokoto State

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.

Oyemaja, Templars, Billion Dollar Deals, Udo Udoma & Belo-Osagie, MTN Nigeria Communications PLC (MTN)  Series 6 & 7 Commercial Paper Issuance

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.

Oyemaja, Aluko and Oyebode, Billion Dollar Deals, Unsecured Financing of 300 million dollars from Afrexim Bank and Issuance of Mandatory Convertible Notes Access Bank

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

Oyemaja, Banwo and Ighodalo, Billion Dollar Law Deals, Acquisition of majority stake in FTN Cocoa Processors PLC. Norfund

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.

Oyemaja, Detail Solicitors, Billion Dollar Deals, Credit Enhancement of Darway Coast Nigerian Limited Green Debt Issue InfraCredit

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.

Oyemaja, Bloomfield, Billion Dollar Deals, STAC Marine Offshore Limited, Purchase of a 80,025 GT floating, production, storage and offshore vessel - FPSO MAYO ABO (Ex ABO FPSO) from BW Abo Pte Ltd.

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

Oyemaja, G.Elias, Billion Dollar Deal, Intra-African trade investment finance facility to access holdings plc access bank herbert wigwe

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

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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.

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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.

Oyemaja, Udo Udoma and Belo-Osagie, Billion Dollar Deals, Mirova SunFinder 65 million dollars senior secured facility for hybrid energy soltions for telecommunications infrastructure in Gabon, Nigeria, Sub-Saharan Africa

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

Oyemaja, G.Elias, Billion Dollar Deals,  Rice Commodities Tradable Forward Contracts Offering 30 billion private commodity note

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.

Oyemaja Law, Billion Dollar Deals, Aluko and Oyebode, Chapel Hill Denham Infrastructure Debt Fund for Tizeti

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.

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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

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