Global law firm Ashurst has advised long-standing client Africa Finance Corporation (AFC) on its AED 937.5 million sustainability linked term loan facility.
This transaction represents two notable firsts for AFC, being both its first AED denominated facility, and its first sustainability linked debt financing. AFC has thus achieved the twin objective of further strengthening its relationships with banks in the UAE while demonstrating its continued commitment to championing ESG and Africa's clean energy transition.
The Ashurst team was led by partner Matthew Wood, supported by senior associate Olufemi Omosuyi, associates Tomilayo Fadoju and Brakemi Ebi-Ogbomah and trainee solicitor Millie McElroy.
Commenting, lead partner Matthew Wood said: "We're delighted to have once again supported AFC in achieving this significant milestone, which stands as a testament to AFC's genuine and ongoing commitment to sustainability."
