Ashurst advises Africa Finance Corporation on US$524m equivalent dual-currency Samurai loan facility

"Ashurst advised long-standing client Africa Finance Corporation (AFC) on a US$524m equivalent dual-currency Samurai loan (US$505m and JPY 3bn) provided by a global syndicate of 17 lenders to finance AFC's infrastructure, trade and impact development initiatives across Africa."

Ashurst advised its long-standing client, the Africa Finance Corporation (AFC), on the raising of US$505 million and JPY 3 billion Samurai loan facilities. The transaction represents AFC's largest Samurai loan to date, following successful Samurai financings in 2019 and 2022. The dual-currency facility — equivalent to US$524 million — further strengthens AFC's relationship with Japan's banks and evidences its ability to attract diverse global capital. A global syndicate of 17 lenders provided the debt. The proceeds will be used to finance AFC's infrastructure, trade and impact development initiatives across the African continent. Ashurst represented the Africa Finance Corporation with a team composed by: partner Matthew Wood, senior associate Olufemi Omosuyi, associate Tomilayo Fadoju, solicitor Brakemi Ebi-Ogbomah and trainee solicitor George Simmons.

Ashurst advises Africa Finance Corporation on US$524m equivalent dual-currency Samurai loan facility

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