Global law firm White & Case LLP has advised The Standard Bank of South Africa Limited and a syndicate of lenders on a US$190 million revolving reserve-based lending financing, with an accordion option of up to US$300 million, made available to VAALCO Energy, Inc., a Texas-based leading Africa-focused oil and gas operating company, secured by its assets in Gabon, Egypt and Côte d'Ivoire.
White & Case partner Jason Kerr, who co-led the Firm's deal team, said: "Our role on this complex, multijurisdictional transaction is a testament to White & Case's expertise and capabilities advising on significant financings across Africa. It further strengthens our position in the region, particularly in West and North Africa."
The White & Case team which advised on the transaction was co-led by partners Jason Kerr (London), Nicholas Macheras (Paris) and Mukund Dhar (London) and included partners Yan Ng (New York), Fern Han (Houston), Sherief Rashed (Cairo), Anthony Colegrave and James Holden (both London), partner of counsel Sylvia Chin (New York), counsel Heidi Schmid (New York) and David Tayler (Stockholm) and associates David Murray, Luke Allen, Marissa Maxim, Daniel Quesenberry (all Houston), Robyn Anderson (Johannesburg), Mostafa Mahmoud (Cairo), Nada Hussein, Chiamaka Isigwe, Sylvia Julius, Poorvi Satija, Aashni Chohan (all London) and Augustin Batsale (Paris). Law clerk Ana Louise O'Sullivan (Houston) also assisted on the transaction.
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