Global law firm Ashurst has advised longstanding client the Africa Finance Corporation (AFC) on the raising of US$505 million and JPY 3 billion Samurai loan facilities, the latest significant financing in the African market.
This is AFC's largest Samurai loan to date, following successful Samurai loans in 2019 and 2022. This financing further strengthens AFC's relationship with Japan's banks and demonstrates its success in attracting diverse global capital.
A global syndicate of 17 lenders provided the debt, the proceeds of which 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 Tomilayo Fadoju, solicitor Brakemi Ebi-Ogbomah and trainee solicitor George Simmons.
