B&I is one of two Nigerian firms ranked among the top 20 global Project Finance Law Firms. – The Lawyer
Case Notes
- Nigerian counsel to the Joint Bookrunners in connection with Afren Plc.’s US$500,000,000 (Five Hundred Million United States Dollars) aggregate principal amount of 11.5% senior secured notes due 2016.
- Nigerian counsel to the Joint Bookrunners in connection with Afren Plc.’s US$350,000,000 (Three Hundred and Fifty Million United States Dollars)
US$25,000,000.00 (Twenty Five Million United States Dollars) term facility granted by Stanbic IBTC Bank Plc for part financing of the First Festival Shopping Mall in Lagos State.
Transaction Counsel in relation to the structuring and financing of a N55 000,000,000 (Fifty Five Billion Naira) Technology Park to be established within a free trade zone in Abuja
Debt financing of a US$1,200,000,000 (One Billion, Two Hundred Million United State Dollars) Methanol Plant with an annual capacity of 10,000 metric tonnes in the Lekki Free Trade Zone in Lagos State.
Structuring and implementation of a US$240, 000,000 (Two Hundred and Forty Million United States Dollars) sub-sea fibre-optic telecoms cable with proposed landing points in Europe, Ghana and Nigeria and tailed for extension to Southern Africa. This deal won the Euromoney Project Finance Magazine’s 2009 African Communication Deal of the Year.
US$3.150,000,000 (Three Billion One Hundred and Fifty Million United States Dollars) corporate finance transaction for the development of a fertilizer plant and the largest oil refinery in the West African sub-region. At the time the deal was the single largest corporate finance transaction in the West African sub-region.
Transaction Counsel in relation to the Structuring, Financing, and development of the multi-million dollar Palms Shopping Mall, at the time the largest shopping mall in Sub-Saharan Africa
US$300,000,000 (Three Hundred Million United States Dollars) greenfield project for the development of the Tinapa Free Trade Zone in Calabar.
Lenders’ Counsel in connection with a US$100,000,000 (One Hundred Million United States Dollars) development facility for the financing, construction and development of office towers in Lagos State, Nigeria by Oando Wings Development Limited, a subsidiary of Oando Plc.
- Lender’s Counsel in connection with a US$37,532,000 (Thirty Seven Million, Five Hundred and Thirty Two Thousand United States Dollars) part facility for the financing and construction of the Osapa Shopping Mall by Osapa-Lekki SPV Limited.
- Lender’s Counsel in connection with a N4,000,000,000 (Four Billion Naira) medium term loann facility to be advanced to Landmark 2007 Global Realty Limited for the purpose of refinancing existing debt for the development of mixed-used towers in Lagos State Nigeria.
- Sponsor’s Nigerian Counsel in connection with a US$780,000,000 (Seven Hundred and Eighty million United States Dollars) accelerated upstream production program financing transaction structured as a forward sale and offtake structure, under which a group of international and Nigerian lenders will finance the development and production of LPG, condensates and crude oil from eight (8) wells in the Sonam and Okan fields, lying in OMLs 91 and 90 respectively.
- Sponsors’ Nigerian Counsel in connection with a US$1,200,000,000 (One Billion, Two Hundred Million United States Dollars) forward sale and financing transaction, by the NNPC-Chevron Joint Venture, of a two staged multi-year drilling and development programme in relation to 36 (23 onshore and 13 offshore) oil wells located in seven (7) oilfields (4 onshore and 3 offshore) lying within OMLs 49, 90 and 95.
