Walkers Acts on the Mauritius Commercial Bank Limited Senior Secured Borrowing Base Facility to the Apex International Energy Group

Walkers' Banking & Finance team have acted as Cayman counsel to the Mauritius Commercial Bank Limited on a senior secured borrowing base facility to the Apex International Energy group, which has partially financed the acquisition by Apex of interests in six concessions in the Western Desert oil producing region of Egypt from IEOC Production B.V., a unit of Eni S.p.A. Further to the acquisition Apex will become operator of four of the concessions through Farah Petroleum Company, the joint venture operating company of Apex and the Egyptian General Petroleum Company.

The Walkers team in the firm's London office was led by partner Catherine Overton, supported by associates Divya Selvaraj and Anita Gulanikar, advising as to Cayman law, alongside transaction counsel to the Banks Latham & Watkins (led by partner Tom Bartlett supported by Kasipeh Adu, Nick Surry and Delyth Hughes).

Herbert Smith Freehills, led by partner Will Breeze, supported by Will Brennan and Abraham Whitworth, advised Apex International Energy.

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