DLA Piper has advised a pool of lenders on the provision of c.USD430 million in financing for Genser Energy Ghana Limited, a leading diversified energy business, marking one of the largest energy sector financings in Ghana in recent years. The funds will be used to refinance existing debt linked to key infrastructure assets in Ghana, including the gas processing plant in Prestea and the natural gas liquids (NGL) storage facility at Takoradi Port, both of which are nearing completion.
Together with Genser’s network of natural gas pipelines, these facilities will continue to enhance Ghana’s energy infrastructure and play an important role in accelerating the country’s energy transition. Once operational, they will increase the country’s processing and storage capacity, improve energy security, and support industrial growth by providing reliable access to cleaner natural gas.
The financing deal was completed in under two months and was structured as both a corporate finance loan and a decarbonisation loan. It included USD and EUR tranches alongside an uncommitted accordion facility. Three mandated lead arrangers acted as original lenders, and two additional banks joined before financial close, reflecting strong market confidence in Genser Energy and Ghana’s long-term energy outlook.
Titus Edjua, partner, commented: “This transaction demonstrates the firm’s commitment to delivering complex cross-border financings at speed while supporting sustainable development and the expansion of critical energy infrastructure in Africa.”
In addition to Titus, the core team included Senior Associate Shamim Khan (London), Associates Salesh Premjith (London) and Natalie Teoh (London), Trainee Solicitor Jack Ford (London), and Senior Paralegal Ben King (London). Finance Partner Jackie Pennington (Johannesburg) and Associate Thulare Manyaku (Johannesburg) provided support on South African law.