Ashurst guides Africa Finance Corp through $1.16 billion debt raise

by MMC
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International law firm Ashurst has advised Africa Finance Corporation (AFC) on its $1.16 billion equivalent dual currency debt financing from a global syndicate of 11 lenders.

This is the AFC’s highest debt increase to date and the proceeds from these facilities will be used to finance its infrastructure, trade and impactful development initiatives on the African continent.

The AFC transaction team consisted of Modupe Famakinwa (Head, Corporate Finance and Investor Relations), Titilayo Oke (Vice President, Legal Affairs), John Asokhia (Senior Associate Counsel), Ifueko Oduekun (Partner Principal, Treasury) and Catherine Okwara (Associate, Corporate Finance and Investor Relations). Investor Relations)

The Ashurst team was led by associate Matthew Wood, supported by associates Olufemi Omosuyi and Tomilayo Fadoju and intern Brakemi Ebi-Ogbomah.

Commenting on the transaction, Matthew Wood, Senior Partner, said: “We are delighted to have assisted AFC in such an important transaction for the African debt market. »

/Public broadcast. This material from the original organization/authors may be timely in nature and edited for clarity, style, and length. Mirage.News takes no institutional position or party, and all views, positions, and conclusions expressed herein are solely those of the author(s).

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