Africell Group $150 million syndicated financing

1/9/2015

Financing

Value:

$ 150 million

Status:

Completed

Date:

1/9/2015

Overview:

Africell Group has taken out a $150 million syndicated loan.
The financing will be used to fund the development of the group in the Democratic Republic of Congo and Uganda.
The financing was arranged by Deutsche Bank and supported by the World Bank and the IFC.
Africell is a telecoms operator in Africa, active in the Gambia and Sierra Leone.

Sam Duke - Editor

Jurisdiction:

Lebanon

Deal type:

Financing

Practice area:

Banking

Industry sector:

Technology and telecommunications

Firms:

Abou Jaoude & Associates Law Firm

Party: Africell Group (Borrower)

Lawyers: Carlos Abou Jaoude, Souraya Machnouk

White & Case

Party: Deutsche Bank AG Na ON (Arranger)

Lawyer: Christopher Czarnocki

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