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Client Work

Ecobank Development Company Limited announces closing of circa US$200 million debt loan facility

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Ecobank Development Company Limited

Fasken advised a syndicate of lenders with Ecobank Development Company Limited as agent for the amendment and restatement of existing debt facilities made available to a Nigerian oil and gas producing company as Borrower and its sister company as Guarantor. The facility agreement provides for loan commitments in the amount of approximately US$148,000,000 and an uncommitted facility (available at the option of the Borrower) in the amount of US$50,000,000. The purpose of the facility is to support existing oil and gas operations of the Borrower and Guarantor offshore Nigeria as well as asset acquisitions.

The team consisted of Abayomi Akinjide (Partner), Thomas Wexler (Partner) and Ramona Ramos (Paralegal).


  • England



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