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April 2010
Cox Hallett Wilkinson (“CHW”) has acted for Stanbic IBTC Bank Plc, Guaranty Trust Bank Plc and FBN Capital Limited, the mandated lead arrangers (“MLAs”), in relation to a 60 billion Naira (US$396 million) loan facility for Oando Plc, a Nigerian Stock Exchange-listed company involved in the marketing of oil products and oil exploration.
The CHW team, led by Jonathan Betts, advised on the Bermuda aspects of the loan financing, including the provision of security by several Bermuda companies within the Oando group. The Nigerian legal advisers to the MLAs were Olaniwun Ajayi LP.
For further information please contact Jonathan Betts on 001 441 294 1544 or email jbetts@chw.com.
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