IFLR1000

PetroSA $150 million reserve-based lending facility

5/3/2015
Financing
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$ 150 million

Completed

5/3/2015

Overview:

  • South African national oil company PetroSA has successfully attained $200 million in financing through its Ghanaian subsidiary.
  • The reserve-based lending facility will go toward helping PetroSA monetise its offshore assets in Ghana.
  • The syndicate of lenders included Absa, Rand Merchant Bank, Standard Chartered Bank, BNP Paribas, Credit Agricole, and Natixis.

Kurt Stumpo - Journalist 

 

Jurisdictions:

Ghana
South Africa

Deal type:

Financing

Practice area:

Banking

Industry sector:

Oil and gas

Firm:
AELEX

Party: PetroSA (Borrower)

Lawyer: Theophilus Emuwa

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