Gide has acted, alongside Ivorian firm KSK, on the implementation of a FCFA 378 billion (EUR 577 million) syndicated loan for SIR. This loan enables SIR, the region's most high-performing refinery of the West African sub-region, to refinance its commercial debt so that it may boost its activities to face the growing demand for refined products in Côte d'Ivoire and the entire sub-region.
Gide and KSK advised Société Ivoirienne de Raffinage and the Republic of Côte d'Ivoire.
M. Thomas Camara, Director-General of SIR, indicated: "I would like to thank our legal counsels, law firms Gide and KSK, for having efficiently advised SIR and the Republic of Côte d'Ivoire and made it possible, through their long-standing experience in the field, to uphold the interests of the Ivorian party".
The Gide team, coordinated by partner Nicolas Jean, comprised partner Hubert Merveilleux du Vignaux with associates Aurélien de Casteja, Perrine Delandre and Célia Alao in Paris, and Sarah Whitley in London, on financial aspects, and counsel Laurent Vincent with associate Louis Ravaud on the hedging aspects.
The KSK team was headed by partner Zinda Sawadogo, with associate Marylène Kouassi.
The Africa Finance Corporation, arranger and lender alongside Deutsche Bank, ICBC Standard Bank, United Bank for Africa, NSIA Banque and Bridge Bank, was advised by Norton Rose Fulbright and Bilé-Aka, Brizoua-Bi & Associés.