Advised the United Bank for Africa Plc in connection with a US $70 Million loan facility for the working capital of Abuja Electricity Distribution Company Limited (formerly government–owned electricity distribution company) now owned by KANN Utility Company Limited, a special purpose vehicle of Copperbelt Energy Corporation PLC and Xerxes Global Investments.
Advised a consortium of lenders led by United Bank for Africa Plc and arranged by UBA Capital Plc in connection with a US$121.8 Million loan facility advanced for the acquisition of 60% of the issued shares of Abuja Electricity Distribution Plc by KANN Utility Company Limited, a special purpose vehicle of Copperbelt Energy Corporation PLC and Xerxes Global Investments.