Afreximbank, Heirs Energies Sign $750m Oil, Gas Deal

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African Export-Import Bank (Afreximbank) and Heirs Energies Ltd have signed a $750 million financing agreement to strengthen the energy firm’s capital structure and fund its field development programme in Nigeria, the companies said on Monday.

The dual-tranche senior secured reserve-based lending facility, arranged by Afreximbank, will provide liquidity to support Heirs Energies’ growth…

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