Lekki Toll Road $420 million refinancing

1/3/2015

Project finance, Refinancing

Value:

$ 420 million

Status:

Completed

Date:

1/3/2015

Overview:

The Lekki Toll Road refinanced its existing project financing, a deal valued at around $420 million.
The financing allowed for the road to be extended and rehabilitation work to be carried out.
FBN Capital acted with a syndicate of other lenders.

John Crabb - Journalist

Jurisdiction:

Nigeria

Deal types:

Project finance
Refinancing

Practice area:

Banking

Governing laws:

England and Wales
Nigeria

Industry sectors:

Transport
Social infrastructure

Firms:

Clifford Chance

Party: FBN Capital (Lender)

G Elias & Co

Party: FBN Capital (Lender)

Lawyer: Fred Onuobia

Trinity International

Party: Lekki Toll Road Concession (Borrower, Project company)

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