WFW advises Guinea as US$15bn Simandou Project core documents signed21 August 2023
US$15bn Simandou, on which we are advising the Republic of Guinea, hit a major milestone last week with the signing of the core transaction documents.
US$15bn Simandou, on which we are advising the Republic of Guinea, hit a major milestone last week with the signing of the core transaction documents.
Watson Farley & Williams has advised Mauritius Commercial Bank as agent and lender on an up to US$110m reserve-based lending facility and an up to US$30m working capital facility granted to Afentra Ltd for the acquisition from INA-Industrija d.d. of 4% interests in Block 3/05 and Block 3/05A offshore Angola in the Lower Congo Basin.
Under the new ownership structure, CREDITAS will assume ownership of all InterGen’s UK sites as well as its growth projects.
The Simandou project involves the exploitation of four world class iron ore blocks in the southern region of Guinea.
The portfolio includes notably eight Leonardo AW139 and other helicopters built by leading manufacturers including Airbus Helicopters, Bell, Leonardo and Sikorsky, and leased out to respected international operators.
The Combination will be implemented by way of a court-sanctioned scheme of arrangement between SDX and its shareholders, with the former’s entire share capital being acquired by Tenaz.