Oando Energy Resources Inc. - 2014-01-31
Description
Entered a corporate facility agreement with a syndicate of Nigerian lenders and international banks. Proceeds will be used to purchase the Nigerian upstream oil and gas business of ConocoPhillips. FBN Capital Ltd. and FCMB Capital Markets Ltd. are mandated lead arrangers. FBN Capital Ltd. is facility agent. Financial Modelling Bank and FCMB Capital Markets Ltd. is technical bank. First Trustees Nigeria Ltd. is security trustee.