Jackson, Etti & Edu Advises on Debut Samurai Loan Facility to Africa Finance Corporation
Our Banking & Finance team advised on the debut Samurai term loan facility to Africa Finance Corporation (“AFC”). The completion of this deal and its wide acceptance by Japanese lenders not only demonstrates AFC’s consistency over the years as Africa’s leading investment grade development finance institution, it also shows the level of progress, maturity and creativity attained by the African finance market.
The Facility was a US$ and JPY dual currency syndicated term facility with MUFG Bank, Ltd. (“MUFG”) and Sumitomo Mitsui Banking Corporation (“SMBC”), acting as Mandated Lead Arrangers and Bookrunners. The facility will be used by AFC for general corporate purposes.
JEE is pleased to have advised the Finance Parties on the deal, alongside Norton Rose Fulbright. The team was led by our Partner, Folasade Olusanya, Senior Associate and Co-Head of Sector, Financial Services, Okey Nnebedum, assisted by Associate Modupe Balogun .