IFLR1000

9mobile $1.2 billion debt restructuring

28/1/2019
Financial restructuring
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$ 1.2 billion

Completed

28/1/2019

Overview:

  • Nigerian telecoms company 9mobile (formerly Etisalat Nigeria) reached an agreement with its creditors to restructure $1.2 billion of its debt.

 

Jurisdiction:

Nigeria

Deal type:

Financial restructuring

Practice area:

Banking

Governing law:

Nigeria

Industry sector:

Technology and telecommunications

Firm:
Olaniwun Ajayi

Party: Access Bank (Lender)

Party: Ecobank Nigeria (Lender)

Party: Fidelity Bank (Lender)

Party: First City Monument Bank (Lender)

Party: Guaranty Trust Bank (Lender)

Party: Stanbic IBTC Bank (Lender)

Party: United Bank for Africa (Lender)

Party: First Bank (Lender)

Party: FSDH Merchant Bank (Lender)

Party: Keystone Bank (Lender)

Party: Polaris Bank (Lender)

Party: Union Bank (Lender)

Party: Zenith Bank (Lender)

Lawyers: Ibi Ogunbiyi, Wolemi Esan

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