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USD366m of funding committed to Genser Energy Ghana Limited

Updated: Oct 8

(Accra, Ghana) December 6, 2019 – Genser Energy Ghana Limited (‘GEGL’) is pleased to announce that it has successfully achieved financial close for a USD366m funding package including a new syndicated senior loan facility of USD230m, a mezzanine loan and preference shares.


The senior loan facility was financed by a consortium of South African banks comprising of Standard Bank, Nedbank and the Development Bank of Southern Africa, alongside the Barak Fund SPC Limited, who was an existing lender to GEGL. As part of the re-structure Barak has also provided mezzanine finance to GEGL.


In addition, Genser Energy Holdings Limited, the Mauritius registered holding company closed a preference share investment from Africa 50.




 
 
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