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FBN Capital Secures $1.4 Billion Facility for Seplat
FBN Capital has revealed details of the $1.4 billion secured term loan and accordion facilities it obtained for Seplat Petroleum Development Company from a consortium of 5 Nigerian banks. The facility which closed in January, includes a new US$700 million seven year secured term facility which includes an option to upsize the facility by up to an additional US$700 million for qualifying acquisition opportunities.
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