Alliance Law Firm Advised Neconde Energy Limited On The $640 Million Senior Secured Medium Term Loan Facility
Alliance Law Firm has acted as transaction Solicitor and Adviser to Neconde Energy Limited (“Neconde”) on the successful refinancing and restructuring of its existing $640 Million (Circa
N2.3 Trillion) Senior Secured Medium Term Loan Facility Agreement with a consortium of local and international banks. The local banks involved are Access Bank, Fidelity Bank, Zenith Bank and First Bank of Nigeria’s UK subsidiary i.e. First Bank (UK) Limited. The international lenders are Africa Export-Import Bank (Afrexim), Africa Finance Corporation (AFC) and Glencore Energy (UK) Limited.
Neconde is an indigenous Exploration and Production Company that has a participating interest in OML 42 Joint Venture Asset with its partner, the Nigerian Petroleum Development Company (NPDC). It is expected that the successful transaction will enhance Neconde’s capacity to further invest in its asset development activities and lead to incremental crude oil production.
Alliance Law Firm is one of the foremost commercial law firms in Nigeria and provides a comprehensive range of specialized legal services to a highly diversified clientele including top-tier local, international/multinational corporate clients, governmental and non-governmental entities. Alliance Law Firm has established a reputation as one of the leading legal advisers in Nigeria on corporate financing, debt and capital market transactions.
Alliance Law Firm’s core practice areas include Oil & Gas; Energy; Banking & Corporate Finance; Capital Markets & Securities; Mergers & Acquisitions; Insolvency & Corporate Restructuring; Maritime; Real Estate; Litigation & Arbitration; Legal & Governance Advisory and Board Support Services.