- Banking & Finance
- Capital Markets & Securities
- Company Secretarial
- Corporate & Commercial Law
- Corporate Restructurings
- Energy & Natural Resources
- Foreign Investments & Divestment
- Intellectual Property
- Litigation, Arbitration & ADR
- Mergers & Acquisitions
- Project & Corporate Finance
- Property & Real Estate
- Shipping and International Trade
- Telecoms & Information Technology
OVERVIEW
We regularly advise some of the major investment and commercial banks as well as other financial institutions operating in Nigeria. The firm provides comprehensive advice on all domestic and international banking operations including secured, unsecured, multi-currency and syndicated lending arrangements.
Banwo & Ighodalo is the legal firm of choice for banks and other parties that seek to structure complex financing deals. We routinely offer advice on compliance with banking and regulatory legislation and have been involved in the establishment of banks’ as well as representative offices for overseas banks in Nigeria.
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Advising Stanbic IBTC Bank Plc in relation to a multi-million dollar receivables trade finance facility to a Nigerian company for the purpose of financing the purchase and storage of natural rubber from the 2010/2011 crop harvest year and processing into Crumb Rubber for export.
Advised Stanbic IBTC Bank Plc in connection with a multi-million dollar receivables trade finance facility advanced to Agro Traders Limited to fund its procurement of cocoa beans for the 2009/2010 Nigerian cocoa harvest for export to Europe. This transaction was awarded “Trade Deal of the Year 2009” by the Global Trade Review.
Advised Stanbic IBTC Bank Plc in connection with a US$30 million Fertilizer Receivables-backed Trade Finance Facility advanced to Tak Continental Limited to finance the latter’s importation of raw materials to be used in fertilizer blending.
Advised BNP Paribas (Suisse) SA on a multi-million dollar uncommitted short term transactional secured trade finance facility to one of its customers.
Advised Dangote Group, one of Nigeria’s foremost conglomerates, in connection with its US$1,278,010,000 note issuance facility provided by a syndicate of Nigerian banks. At the time, this facility was the largest syndication undertaken by a consortium of Nigerian banks.
We advised Notore Chemical Industries Limited (the entity that acquired the assets of the National Fertiliser Company of Nigeria (in Liquidation) in relation to the US$152 Million bridge finance utilized for the assets acquisition and the syndication of US$222 Million by a club of Nigerian lenders required for plant revamp and refurbishment. These were in addition to advising Notore on the actual acquisition of NAFCON and the structuring of the offshore equity component of the project financing.
We advised Skye Bank Plc in connection with a loan facility of US$100,000,000 advanced by Standard Bank Plc (UK).
Advised the Nigerian National Petroleum Corporation (“NNPC”) its financial advisers, its Special Purpose Vehicle registered in Mauritius (Nigerian Content Finance Limited), 6 International Oil & Gas Exploration and Production companies (“IOCs”) and a syndicate of 11 Nigerian Banks, in connection with a $350,000,000 Nigerian Content Support Fund, to provide financial support to qualifying Nigerian oil services providers to enable them carry out their contractual obligations to NNPC and the IOCs
Advised Fidelity Bank Plc in connection with a 2 Step Murabaha Financing Agreement with the International Islamic Trade Finance Corporation.
Advised Fidelity Bank Plc’s on a US$200,000,000 debt financing provided by Merrill Lynch International.
Advised PlatinumHabib Bank Plc in connection with a US$200,000,000 Tier II capital raised by Merrill Lynch International.
Advised Guinness Nigeria Plc in connection with a N17 billion Multiple Tranche 7 years Medium Term Loan provided by a syndicate of 4 leading Nigerian banks.
Advised Oando Plc in connection with a Naira-linked credit facility of up to US$100,000,000 arranged by Merrill Lynch International. We are currently advising the Oando Plc in connection with several other financing transactions.
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