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Advised a leading financial institution in Nigeria with respect to the standardisation of its loan documentation in line with international best practices. The scope of work included reviewing the corporate finance and security documentation of the Bank including the Term Sheet/ Mandate Letter, Facility Agreement (Short Form), Overdraft Facility Agreement (Short Form), Deed of Legal Mortgage, Letter of Indemnity, All Asset Debenture, etc
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Advised on a ₦10 Billion fund raising exercise for a Nigerian marine logistics and offshore service company through a private placement exercise.
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Advised on, reviewed and negotiated facility agreements and other finance documents in respect of a US$350 Million loan granted by an offshore bank in favour of a domestic lending institution and drafted security documents including a Joint Memorandum of Lien over Treasury Bonds, Power of Attorney and Promissory Notes.
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Advising a luxury real estate developer, on obtaining bridge financing in the sum of circa ₦3 Billion from a private investment company, with the loan backed by some of the partly developed apartments. Our scope of services included preparation a Contract of Sale & Repurchase, Addendum to an Escrow Agreement and negotiating the terms of the Bridge Finance Agreement.
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Advising on an acquisition deal where our Client, the Investor, injected $750,000.00 into the target company to acquire a majority stake in the target.
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Advising on the acquisition of a mortgage bank in Nigeria. The deal was complex due to the Target’s inactivity for several years, necessitating extensive negotiations to resolve outstanding legal and regulatory obligations before the acquisition could be completed.
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Advising on the acquisition of a public company by another public company through a scheme of arrangement. The acquirer had previously executed a partly successful takeover bid for the target company, making the scheme of arrangement a subsequent step in the acquisition process.
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Advising UK based client on its issuance of a US$2,672,290,000.00 bond programme in the UK to fund several projects by a Nigerian company. The finance will be secured inter alia, by an all-asset debenture over the borrower’s real assets in Nigeria.
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Acted as Solicitors to the Trustee in a Sukuk Issuance by a mortgage finance institution in Nigeria. The tasks of the team in this regard included preparing the Supplemental Trust Deed, reviewing the Programme Trust Deed, Service Agency Agreement, Sale & Purchase and Account Bank & Paying Agency Agreement.
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Advised a Nigerian financial advisory company on a N15 Billion private Sukuk (Islamic Bond) Issuance Programme for the development of land measuring 20,711.423 square meters into premium residential villas in Ikoyi, Lagos State, Nigeria. The tasks of the team as Solicitors to the Transaction include drafting and reviewing of transaction documents such as Trust Deed, Deeds of Undertaking, Istisna’a Agreement, Custodian Agreement, Forward Lease (Ijarah) Agreement and Agency Agreement.
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Advising specialist investment Nigerian company in the financial and real estate sectors on a N5 Billion private Sukuk (Islamic Bond) Issuance Programme for the development of 3.58 hectares of land into a mixed-use development in Lagos State, Nigeria consisting of restaurants, entertainment, cinemas, co-working spaces etc. The tasks of the team as Solicitors to the Transaction include drafting and reviewing of transaction documents such as Trust Deed, Deeds of Undertaking, Istisna’a 2 Agreement, Custodian Agreement, Forward Lease (Ijarah) Agreement and Agency Agreement.
