 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
|
||||||||||||||||
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
 |
 |
 |
 |
 |
 |
 |
 |
|
|||||||||
Banking Our largest-ever bank lending transaction has been of a scheme to provide funding for the electricity, aviation and small and medium-size industry sectors. This transaction is also the largest bank lending transaction in Nigeria history. Major acquisition financings have become topical only fairly recently, and we have been involved in several of the largest and most significant transactions in this market in the area. We have advised on share and asset acquisition financings and re-financings of telecommunications, electricity-generation, manufacturing and hotel-owning companies as well as of interests in both upstream petroleum acreage and production. A number of these financings have been very elaborately structured, with creative non-recourse lending, warrants and preferred equity features to facilitate the tax-efficient repatriation of proceeds in foreign currency. We advised on what to the best of our knowledge is the second largest single bank credit transaction ever by a Nigerian corporate borrower -- to a telephony operator, for network expansion. We have advised on separate structured syndicated financings of equipment for the expansion of telecommunications networks for a fixed wireless access operator and two separate GSM operators and for a provider of facilities for co-location. In these last four telecommunications financing transactions, we advised the lenders. We have advised the lenders on financing a pioneering airport hotel and conference centre development project as well as lenders to and sponsors of two separate shopping mall developments and other project finance transactions in the key energy and transport sectors of the economy.