Ashurst advises Africa Finance Corporation on US$246 million Kimchi loan facility

"Ashurst advised the Africa Finance Corporation (AFC) on the raising of a US$246 million Kimchi loan facility, AFC's largest to date. A global syndicate of 11 lenders provided the debt to finance the corporation's infrastructure, trade and impact development initiatives across the African continent."

Ashurst advised the Africa Finance Corporation (AFC) on the raising of a US$246 million Kimchi loan facility. The financing represents AFC's largest Kimchi loan to date, following successful Kimchi financings in 2019 and 2022. The transaction further strengthens AFC's relationship with South Korean banks and underlines the corporation's success in attracting diverse global capital. A global syndicate of 11 lenders provided the debt facility. The proceeds will be used to finance AFC's infrastructure, trade and impact development initiatives across the African continent. Ashurst represented client Africa Finance Corporation (AFC) with a team composed by: partner Matthew Wood; associate Edgar Thornton; trainee solicitor Ben Brindley.

Ashurst advises Africa Finance Corporation on US$246 million Kimchi loan facility

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads