Law Debenture appointed as facility agent in the Democratic Republic of the Congo
18 February 2016
At the end of January 2016 Law Debenture was appointed to act as both Facility Agent and Security Trustee on a new $162.5 million long-term finance facility with International Finance Corporation and Taurus Mining Finance Fund.
The Borrower, Société d’Exploitation de Kipoi, is a subsidiary of Australian listed copper producer Tiger Resources Limited and the funding is for the operation and expansion of its brownfield Kipoi copper project in Katanga Province of the Democratic Republic of Congo.
Law Debenture acts as the independent security trustee on a considerable number of syndicated and multilateral facilities that fund major capital and infrastructure projects in many different jurisdictions in Africa, Asia and the Middle East.