Sefton Fross has advised as Solicitor to the Issue of the establishment by GPC Energy and Logistics Limited (GPC Energy) of a NGN50,000,000,000 Bond Issuance Programme and the NGN20,000,000,000 Series 1 bonds. GPC Energy is a logistics company with a dedicated and strategic intent to facilitate the circular flow of economic activity globally through the provision of “on time and in the right condition” delivery of goods, and personalized logistics services.
The Series 1 Bonds are backed by a full guarantee provided by Infracredit, the leading credit guarantee company in Nigeria.
The proceeds of the Series 1 Bonds will be used to fund expansion of GPC Energy’s existing business and position it at the forefront of the logistics business in Nigeria.
Sefton Fross is happy to have been a core part of this Transaction geared to meet the logistics needs of Nigerian businesses.