Lead party: African Export-Import Bank (Afreximbank) (lender)
Coverage: The Meridian legal market record (editorial).
Odujinrin & Adefulu acted as Nigerian counsel to Afreximbank on a US$200 million financing facility. The facility was advanced to Shoreline Power Company Limited and Arkad SpA. The team was led by Partner Damilola Adetunji. The post gives no further detail on purpose or structure.
Value (as reported): US$200 million.
Law firms: Odujinrin & Adefulu – Nigerian counsel to Afreximbank (lender).
Lawyers named: Damilola Adetunji (Odujinrin & Adefulu); Olubukola Opebiyi (Odujinrin & Adefulu); Linda Asuquo (Odujinrin & Adefulu); Anastacia Bisola Aladenika (Odujinrin & Adefulu); Alice Monday Isong (Odujinrin & Adefulu).
Parties: Lender: African Export-Import Bank (Afreximbank); Borrowers: Shoreline Power Company Ltd, Arkad SpA.
Jurisdiction (as reported): Nigeria · Sector (as reported): Power (implied by borrower name; sector not stated).
Source: LinkedIn firm publication, posted 15 September 2026. Meridian record LI-DL-2026-0227.
Target: Arkad S.p.A., Shoreline Power Company Limited (private company) · Sector: Industrials, Energy & Utilities, Industrial Engineering Services, Oil Servicing & Equipment · Countries of operation: Algeria
Transaction type: Debt Financing, Project Financing · Asset class: Private Credit · Strategy: Direct Lending · Instrument: Term Loan, Revolving Credit Facility · Deal amount: US$200m
Lead investor/buyer: African Export-Import Bank · Investors/buyers: African Export-Import Bank
Source: announced 20 July 2026. Original announcement: afreximbank.com.
