Oando Energy Resources Inc. - 2013-10-10
Description
Received commitment letters for bank credit facilities of a $465 million reserve based lending facility and $350 million senior secured loan. Proceeds will be used to purchase ConocoPhillips' Nigerian upstream oil and gas business. BNP Paribas, Standard Bank, and Standard Chartered Bank internationally placed and led the facility. FBN Capital and FCMB Capital Markets jointly arranged locally in Nigeria the loan.