Bracewell and White & Case advise Africa Oil Corp on a $150 million refinancing deal
The junior oil company, part of the Swedish group Lundin, has raised $150 million from a pool of African and European banks to refinance its acquisition of the African operations of Petrobras.
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▪ Bracewell and White & Case advise Africa Oil Corp on a $150 million refinancing deal
▪ The junior oil company, part of the Swedish group Lundin, has raised $150 million from a pool of African and European banks to refinance its acquisition of the African operations of Petrobras.
▪ https://www.africabusinessplus.com/en/807904/bracewell-and-white-case-advise-africa-oil-corp-on-a-150-million-refinancing-deal/
Led by the American Keith C Hill, CEO, and the British Tim Thomas, Managing Director of Operations, Africa Oil Corp (AOC), which holds mainly financial stakes in operations in Nigeria and South Africa, signed the loan agreement on 13 May. The company announced a net income of $38.9 million in the first quarter of 2021, against a loss of $137 million in the first quarter of 2020.
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