Republic of Togo in €150 Million Term Loan Facility Agreement

Cleary Gottlieb represented the Republic of Togo, alongside Lazard Frères as financial advisor, in a 12-year maturity, €150 million term loan facility agreement arranged by Société Générale for the partial refinancing of its CFA-denominated existing indebtedness.

The transaction benefits from a full credit insurance cover by the African Trade Insurance Agency (ATI).

The facility agreement was signed on May 20, 2020, and funds disbursed on June 18, 2020.

Cleary previously represented the Republic of Togo in a 12-year maturity, €103 million term loan facility agreement arranged by MUFG Securities EMEA plc on December 23, 2019.