Deal Announcement
Olaniwun Ajayi LP acted as legal advisers to the Global Coordinators (Citigroup, J.P Morgan, Rand Merchant Bank, Standard Bank, Standard Chartered Bank) and Initial Purchasers on the issuance by Seplat Energy PLC, of the US$ 650,000,000 9.125% Rule 144A/Reg S Senior Notes—due 2030—proceeds of which would be applied towards the refinancing and repurchase of its $650m 7.750% per cent senior notes due in April 2026.
We are honoured to have been instrumental in this landmark transaction to close out our transaction list for the first quarter of 2024 and remain dedicated to supporting cross-border transactions, with the potential to foster the economic growth of Nigerian corporates/entities and the country at large.