Adekunle Adewale

Senior Consultant

ade@balogunharold.com

Kunle specializes in banking, finance and debt capital market transactions. He advises borrowers, issuers, mangers and lenders on all types of financing transactions, including syndicated loans, leveraged and acquisition finance, restructurings and bond issuances.
Adewale advises investors and financiers across a number of industry sectors, which include: Banking, Finance & Investment Banks, Hospitality, Tourism & Luxury Goods, Infrastructure, Real Estate & Construction, Agriculture and Transportation

University of Lagos (LL.M.)
University of Lagos (LL.B.)
Nigerian Law School (B.L.)
Euromoney School of International Financial Law

FINCA
Jackson,Etti & Edu

Nigerian Bar Association
The Chartered Institute of Bankers of Nigeria

Governance
Academia
Philanthropy

Advised on the global acquisition of an oil services company with the entire (global) transaction valued in excess of US$5.5 billion;
Advised a global banking and financial services company, Germany’s second largest bank, as MLA in the unsecured USD$100 Amortising Term Loan Facility to a tier-2 Nigerian FI;
Advised a leading investment bank on a Partial Risk Guaranteed Standby Letter of Credit to be issued by the investment bank acting as L/C Issuing Bank under a USD$150 million Reimbursement and Credit Agreement;
Advised an international investment bank with regard to the acquisition of majority stake by a Mauritian company involved in the business of glass container manufacturing;
Advised an indigenous commercial bank in relation to a USD$ 200 Million financing to be provided in conjunction with an international financial institution headquartered in Cairo, Egypt, for the acquisition of oil and gas assets;
Advised on the USD100million Refinance Facility to an indigenous broadband company to refinance and restructure its existing debt obligations of circa USD80million and fund its construction of a data center;
Advised on US$ 60m debt refinancing of a diversified business group with interests in pharmaceutical, energy, industrial plastic packaging, importation and distribution of consumer goods as well as the agricultural sectors;
Advised on US$107 million ECA-backed financing for the construction and development of the first phase of the mixed use real estate development at Eko Energy Estate, Eko Atlantic City;
Advised an investment bank on a EUR 10.4 million ECA-backed term loan facility to a local bank;
Advised an international investment bank with regard to the acquisition of majority stake including appraisal of the optimal transaction structure, negotiated the acquisition term sheet, advised on the upstream and cross guarantee and security package to be given by the Guarantors, particularly the Nigerian Targets in relation to the transaction, advised on potential risks, corporate actions required as well as mitigants in relation to the entire security package for the transaction;
Provided Nigerian law advice on Bills of Exchange (BoE) to one of Japan’s multinational leading commercial banks, the second largest bank in Japan by assets;
Advised a syndicate of lenders in relation to an additional US$71m facility provided to an oil service firm through USD$50million funded participation by an international financial institution headquartered in Cairo, Egypt, and conversion of a USD$21million bridge facility by a Nigerian financial institution;
Advised a leading international investment bank in relation to a US$120 million Single Currency Term Facility being advanced to an indigenous firm for general corporate purposes and to refinance an existing asset finance facility;
Advised a syndicate of commercial Banks on, prepared and reviewed the Facility Agreement, Accounts Agreement, Security Deed, Trust Deed, and Contract of Assignment in respect of the US$ 149 million (One Hundred and Forty Nine Million US Dollars) Syndicated Medium Term Loan Facility to a Nigerian Oil Service Company;
Advised an investment bank in respect of a USD$100million term loan facility to a Nigerian financial institution as Borrower to fund the Borrowers’ trade and general financing requirements. The transaction involved reviewing the Facility Agreement, advising on the collaterization of a portfolio of naira denominated Federal Government and Asset Management Corporation of Nigeria Bonds, advising on the use of hedging mechanisms to mitigate the inherent exchange currency volatility associated with naira denominated bonds, advising on the use of a bonds top-up trigger mechanism in the event of local currency depreciation and advising on the provision of cash collateral account as additional security package for the financing;
Advised an independent energy group active in the trading of physical oil, oil derivatives, electricity and the development of carbon credits schemes as Mandated Lead Arranger, Agent and Security Agent in respect of US$525 Million Reserve Based Lending to a Nigerian independent E & P oil and gas company to fund its commitments under Strategic Alliance Agreements with joint venturers in certain OMLs. Reviewed and severally negotiated the Facilities Agreement, Security Assignment Agreement, Share Charge Agreement, All Assets Debenture, Novation Agreement, Strategic Alliance Agreements in respect of the OMLs, Crude Sales Agreement, Sales Contract Assignment, Subordination Deed, Subordinated Intra-group Facility Agreement, Subordinated Intra-group Assignment Agreement, Offshore Account Charge, and Parent Share Charge;
Acted for the Project Development Advisor in relation to the development of the Office Complex of a Nigerian Oil Exploration and Production Company to be developed on the Eko Atlantic City;
Advised the second largest confectionery brand in the world with respect to data privacy legislation in Nigeria;
Provided a legal opinion on procedure for effecting a forfeiture of shares in an oil & gas service firm;
Provided an opinion on the procedure for winding up of a company engaged in the manufacture and production of fresh natural fruit juices and table water;
Advised a commercial bank in respect of the USD$46 Million financing to an indigenous oil company;
Advised an investment bank on the review of the Facility Agreement, Account Charge, Guarantee & Indemnity Agreement, Subordination Agreements, Letters of Carve-out in respect of the USD$90 million uncommitted on-demand facility to certain oil servicing firms;
Advising an investment bank on and reviewing the Facility Agreements, Netting Agreement, Joint Memorandum of Liens, Promissory Note, Power of Attorney and other security documents in respect of the USD$ 55 Million and USD$ 45 million Naira equivalent Term Loan Facility to a Nigerian financial institution;
Part of the team that represented an international beverage company in court with regard to the recognition and enforcement of a Partial Final Award and Final Award made under the auspices of the International Chamber of Commerce International Court of Arbitration, London.
Assisted a Nigerian financial institution acquirer further to its acquisition of one of the AMCON Bridge Banks with the review, harmonization and standardization of its credit processes and credit related transaction documentation

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