Trinity closes US$60m financial institutions loan to fund long term investment in African infrastructure.

Trinity advised the German development finance institution DEG and the Dutch development finance institution FMO in relation to a US$60m loan to the Africa Finance Corporation (AFC). Andrew Alli, President and Chief Executive Officer of the Africa Finance Corporation, stated ‘This facility will be utilised for on-lending to infrastructure projects in Africa. Apart from the liquidity that this transaction provides, the line of credit is of strategic importance to AFC, as it comes with a technical assistance programme to support our environmental and social risk management system. The facility also deepens our relationship with two key strategic partners.” DEG and FMO were advised by Senior Associate Barry Burland and partner Kaushik Ray.