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Corporate and acquisition finance
Advising on term and revolving facilities, acquisition financing and related security and intercreditor arrangements.
Practice Areas
Banking, Finance& Capital
Capital structured for commercial reality
Financing decisions shape how a business grows, how risk is shared and how transactions ultimately perform.
Our banking & finance practice
Financing arrangements that hold up in practice.
Paraphoenix Solicitors advises lenders, borrowers, sponsors, investors and corporate treasury teams on the full range of financing arrangements, from bilateral facilities to more structured and multi-party transactions.
Financing rarely sits on its own. Security, regulatory considerations, corporate approvals, intercreditor positions, currency and enforcement all influence how a facility is structured and how it behaves once drawn.
Our role is to help clients understand the legal architecture of a financing, negotiate terms that reflect the commercial bargain and ensure that documentation, conditions and security arrangements are workable through the life of the facility.
Key capabilities
What we advise on
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Structured and asset-based finance
Advising on structured, receivables-based, asset-backed and other financing structures where cash flow and collateral drive the transaction.
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Project and infrastructure finance
Supporting the financing of capital projects, including conditions precedent, security packages and coordination with project documentation.
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Security and collateral arrangements
Advising on the creation, perfection, ranking, maintenance and release of security over assets, receivables, shares and contractual rights.
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Capital raising and investment
Advising on equity and debt capital raising, investment instruments, subscription arrangements and associated investor protections.
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Refinancing and restructuring
Advising on amendments, waivers, refinancings and restructurings where facilities need to be realigned with changed circumstances.
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Regulatory and treasury considerations
Advising on the regulatory and compliance considerations that affect financing structures, capital flows and treasury arrangements.
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Enforcement and recovery
Advising on the legal options available where facilities come under stress, including enforcement of security and recovery strategy.
How we support a financing
From term sheet to ongoing facility management
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Structuring
Working with the client and its advisers to define the financing structure, security approach and key legal dependencies.
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Term sheet
Advising on the commercial and legal terms recorded at term-sheet stage so that later documentation reflects the agreed bargain.
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Documentation
Preparing and negotiating facility, security and ancillary documents with clear attention to risk allocation and workability.
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Conditions and drawdown
Managing conditions precedent, corporate approvals, registrations and deliverables required for financial close.
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Life of the facility
Supporting amendments, waivers, further advances, releases and other matters arising after drawdown.
Security & risk allocation
Security that can be relied upon
A security package is only as good as its creation, perfection and enforceability.
We advise on the practical steps required to put security in place and keep it effective, including registrations, priority, intercreditor positions and the practical routes available if enforcement becomes necessary.
Equally, we help borrowers understand the operational consequences of a security package — what it restricts, what it requires and how it interacts with the rest of the business.
Selected financing capabilities
- Facility agreements and ancillary documentation
- Debentures, charges and other security instruments
- Share security and account-control arrangements
- Guarantees and support arrangements
- Intercreditor and subordination arrangements
- Conditions precedent management and legal opinions
- Amendments, waivers and consent processes
- Registrations, perfection and priority steps
Cross-border financing
Aligning Nigerian requirements with international structures
Financings involving offshore lenders, sponsors or collateral require the Nigerian law position to sit coherently within the wider structure. Paraphoenix can act as the central legal point for Nigerian aspects of a cross-border financing and, where appropriate, coordinate with carefully selected independent local counsel and professional advisers in other jurisdictions.
We focus on consistency across documentation, on identifying where local requirements affect the structure, and on ensuring that lenders and borrowers have a clear view of how the Nigerian elements of a transaction will operate in practice.
Sector perspective
Our finance work is particularly relevant to businesses and institutions in sectors where capital investment, regulation and cross-border funding intersect.
Related perspective
Read practical perspectives on the legal and commercial developments affecting business in Nigeria and across borders.
Integrated support
Bringing the relevant disciplines together
Mandates in this practice frequently engage other areas of law. Depending on the matter, our Banking, Finance & Capital practice works alongside the firm’s other practices so that clients receive a coherent view of the issue rather than fragmented advice.
Why Paraphoenix
Commercial perspective
We approach financings with an understanding of how legal terms affect cost, flexibility and operational freedom.
Senior involvement
Important mandates receive close senior attention, supporting continuity and efficient decision-making.
International experience
Our experience of multinational environments informs our approach to cross-border financing and lender coordination.
Clear execution
We emphasise careful drafting, disciplined condition management and responsive communication through to close.