A first choice for finance transactions in Nigeria www.templars-law.com
Finance Power House TEMPLARS is one of the foremost integrated full-service commercial law firms in Nigeria. With over 50 lawyers (including ten partners) working out of offices in Lagos, Abuja, Port Harcourt and Uyo, we are strategically placed to provide top quality legal services to clients in the major economic hubs of the country. Our firm is often cited for our business savvy, innovation and responsiveness. According to the IFLR 1000 Guide, our lawyers are â€œgreat problem solversâ€?, and our firm is widely recommended for offering a safe pair of hands in a tricky market; carefully steering and hand-holding clients through market complexities and challenges.
The Preferred Team
"They were very excellent in our finance work." Chambers Global, 2012 edition
“... a frequent presence in high - value transactions." Chambers Global, 2011 edition
“very efficient and customer driven, with clients getting their money's worth in terms of quality” Legal 500, 2011 edition
“Clients like the firm's "deep bench", which lets them "excel in project financing where you have a lot of moving parts". IFLR 1000, 2013 edition
“One of Lagos's best organised and modern firms .... has the best client service of any firm in Nigeria.” Legal 500, 2009 edition
Transaction Highlights Our full service and multi-sectoral finance practice is recognised as Tier 1 by clients, our peers and leading legal directories. In the area of Projects, we constantly advise sponsors, project companies, financiers and government entities on some of the most challenging and innovative projects in the Nigerian market.
We have advised on the following: Eko Atlantic City Project Advised First Bank of Nigeria, First City Monument Bank and Guaranty Trust Bank as lenders on the US$400 million financing for the development of the Eko Atlantic City Project involving the construction of a seawall and reclamation of land for a mixed-use property development off the coast of Lagos.
Azura Power Project Advising the project company on the financing of its up to 500MW power plant in Edo State.
Petrochemical Plant Advising the project sponsors on the ongoing development and financing of a multi-billion dollar petrochemical plant, dedicated power plant and related infrastructure in a free trade zone in Nigeria.
Toll Road/Bridge Project Advising one of the project sponsors on the approximately $ 1 billion financing of the construction a major road and bridge project in southern Nigeria.
Polo Park Mall Advised Standard Bank on the US$43 million financing and subsequent refinancing for Polo Park Development Company Limited's development of a first of its kind retail mall in south-eastern Nigeria.
Radisson Blu Advised Anchorage Leisure Limited on the multimillion dollar financing for the development of its five-star Radisson Blu hotel in Lagos. Afren plc Reserves-Based Lending Advised Afren plc in connection with a US$450 million senior secured Ibom Power Plant reserves-based financing for the Advised the arranger in respect of a development of the Ebok and Okwok $150 million bridge financing facility for oilfields offshore Nigeria. the development of the Ibom Power Plant.
Seawolf Oilfield Services Limited Advised FBN Capital on the US$400 million asset finance facility to Seawolf Oilfield Services for the acquisition of the business of an Oslo Exchange-listed company, and the subsequent acquisition of new-build jack-up rigs in the name of the target.
Acquisition of Oil Mining Lease 42 Advised Africa Finance Corporation and Access Bank plc as mandated lead arrangers in connection with the $150 million debt finance to the NECONDE Consortium for its $585 million acquisition of a 45% interest in the oil acreage comprised in Oil Mining Lease 42 by NECONDE from Shell, Total and Agip.
Le Meridien Hotel & Apartments Advising Afrexim and Diamond Bank plc as arrangers in connection with a US$170 million syndicated project finance facility for the development of a five-star Le Meridien Grande hotel complex.
Islamic Financing Advised the Islamic Corporation for the Development of the Private Sector on its US$28 million (Islamic) Ijarah financing to Oriental Food Industry and on its US$10 million Murabaha financing to Skye Bank plc.
Other Competencies In addition to Project & Infrastructure financings, our finance practice has extensive experience advising in the following areas:
Debt & Equity Capital Markets
Mergers & Acquisitions
Derivatives & Structured Finance
Fund Formation & Investments
Recent Capital Raising Highlights Afren plc Bonds Advised Afren plc on its the issuance of its Luxembourg-listed $500 million 11.5% senior notes due 2016 and $300 million 10.5% senior notes due 2019.
Sea Trucks Group Bonds Advised Barclays Capital as sole bookrunner on the $200 million secured pre-QPO guaranteed convertible bonds due 2015 issued by the Sea Trucks Group on SGX-ST.
First Hydrocarbon Nigeria Advised First Hydrocarbon Nigeria Limited (FHN) in connection with Zephyr Africa Management Company's US$50 million investment in senior unsecured convertible notes issued by FHN.
Virgin Nigeria Zero Coupon Bonds Advised UBA Capital as arranger on the US$100 million issue of zero coupon bonds and credit linked notes of by Virgin Nigeria Airways Limited.
Oando plc Rights Offering Advised the joint bookrunners on Oando plc's US $400 million offering of 4.5 billion ordinary shares by way of a rights issue to existing shareholders of the company on the Nigerian and Johannesburg Stock Exchanges.
International IPO and Dual Listing Advising a Nigerian Corporate on its US$400 million proposed initial public offering and dual listing of equity shares on the Nigerian and Johannesburg Stock Exchanges.
United Bank for Africa GDR Advising United Bank for Africa plc on its Rule 144A issue of Global Depositary Receipts.
For more information, please contact:
Chike Obianwu Partner cell: +234 (0) 703 470 4697 Tel: +234 1 46 11 291, +234 1 8449 945-47 +234 (0) 811 5708 339 Fax: +234 1 46 11 294 firstname.lastname@example.org
Olamide Oladosu Partner cell: +234 (0) 706 417 0305 Tel: +234 1 2703 982, +234 1 8449 945-47 +234 (0) 811 5708 339 Fax: +234 1 46 11 294 email@example.com
Oghogho Akpata Partner cell: +234 (0) 802 291 0062 DL: +234 1 4611 891, +234 1 2799 397 Tel: +234 1 2703 982, +234 1 8449 945-47 +234 (0) 816 9220 228 Fax: +234 1 46 11 294 firstname.lastname@example.org
Lagos 4th Floor, The Octagon 13A, AJ Marinho Drive Victoria island Lagos Tel: +234 1 2703982, +234 1 2799396, +234 1 4611889-90 +234 (0) 816 9220 228, +234 (0) 811 5708 339 Fax: +234 1 46 11 294
Abuja 3rd Floor, Metro Plaza Plot 991/2, Zakaria Maimalari Street, Central Business District Abuja Tel: +234 9 273 1898, 273 1877
Port Harcourt 28 Tombia Street GRA Phase II Port Harcourt Rivers State Tel: +234 84 462 583-5 Fax: +234 84 462 982
Uyo Plot 20B, Ewet Housing Estate Uyo Akwa Ibom Tel: +234 1 46 11 290-93, 46 11 889-90 Fax: +234 1 46 11 294