Global law firm Ashurst has advised longstanding client Africa Finance Corporation (AFC) on the raising of US$2bn.
The facility was initially launched at US$1.6bn but later upsized to US$2bn due to strong demand, the largest syndicated loan in AFC's history. This financing further strengthens AFC's relationship with banks across Asia Pacific, Europe, the Middle East and Africa and further demonstrates its success in attracting diverse global capital.
The proceeds of this facility will be used to finance AFC's infrastructure, trade and impact development initiatives across the African continent.
The team was led by partner Matthew Wood, supported by senior associate Olufemi Omosuyi, associate Edgar Thornton and solicitor Brakemi Ebi-Ogbomah.
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