Back to grid
STORAGE ASSET FINANCING
USD 24 million / 7-year term loan
(West Africa - Oil Distributor)
Lender - not communicated
Advisor & Debt Arranger - Cofarco SAS
September 2015
Cofarco project manager and debt arranger for the construction of a US$30 million oil terminal in West Africa.
Cofarco was mandated by a company involved in the storage of oil and petroleum products in West Africa looking to expand its local infrastructure network. Cofarco raised a USD 24m 7-year term loan to finance a new oil terminal project. The equity financing for the project was provided by the client but also by a leading global oil trader partnering in the project.