Deal Announcement
Olaniwun Ajayi LP acted as legal advisers on the Seplat Energy senior notes issuance. We advised the Global Coordinators and the Initial Purchasers.
The Seplat Energy senior notes
Seplat Energy PLC issued US$ 650,000,000 9.125% Rule 144A/Reg S Senior Notes due 2030.
The Global Coordinators were Citigroup, J.P Morgan, Rand Merchant Bank, Standard Bank and Standard Chartered Bank.
Use of proceeds
Seplat will apply the proceeds to refinance and repurchase its $650m 7.750% per cent senior notes due in April 2026.
Our role
We are honoured to have been instrumental in this landmark transaction, which closed out our transaction list for the first quarter of 2024.
We remain dedicated to supporting cross-border transactions. Such deals have the potential to foster the economic growth of Nigerian corporates and of the country at large.
Our Banking and Capital Markets 2025 Wrap-Up and 2026 Outlook sets out the wider capital markets picture, and our work on the Dangote Petroleum Refinery IPO reflects the same practice.
To discuss a debt capital markets transaction, please contact our capital markets team.