ALP has been retained as external counsel to an indigenous commercial bank to advise the bank on several of its proposed debt financing facilities to be granted to various indigenous companies in the Energy & Natural Resources sector of the Nigerian economy. The transactions for which ALP has been engaged to provide advice include the following:
Advising the bank on its proposed USD $20,000,000 and USD $26,000,000 financing to be granted to two joint venture companies for their acquisition of majority equity in an oil & gas company which owns interests in a marginal oil field in the Niger Delta.
Advising the bank on its proposed USD$15,000,000 refinancing of an existing loan facility for an Independent Power Project (IPP) for the generation, distribution and sale of 12MW of electric power. The advice includes conducting a comprehensive due diligence exercise on the project sponsors, advising the bank on the appropriate structure to be adopted by the bank for the refinancing under Nigerian law and the drafting of the relevant security documents for the project.
Advising the bank on its proposed USD$ 2,000,000 loan facility for an onsite IPP for the generation of 5MW of electric power to be purchased and consumed by an indigenous beverage manufacturing company.
