The African Export-Import Bank, Afreximbank, has underwritten $2.5 billion in a $4 billionsenior syndicated term loan for the Dangote Petroleum Refinery & Petrochemicals, in a major financing move aimed at supporting the giant refinery’s long-term growth.
The five-year facility was arranged alongside Access Bank as co-mandated lead arranger and is intended to refinance existing debt, strengthen the refinery’s capital structure, and better align its financing with current operational needs.
The deal marks another significant vote of confidence in the Dangote Refinery, which remains one of Africa’s most ambitious industrial projects. By easing its debt burden and improving its financial position, the new facility is expected to give the refinery more flexibility as it expands operations.
The financing also highlights the role of African lenders in backing large-scale regional infrastructure and energy projects. For Dangote Refinery, the arrangement provides both immediate financial relief and a stronger base for future growth.
The five-year facility was arranged alongside Access Bank as co-mandated lead arranger and is intended to refinance existing debt, strengthen the refinery’s capital structure, and better align its financing with current operational needs.
The deal marks another significant vote of confidence in the Dangote Refinery, which remains one of Africa’s most ambitious industrial projects. By easing its debt burden and improving its financial position, the new facility is expected to give the refinery more flexibility as it expands operations.
The financing also highlights the role of African lenders in backing large-scale regional infrastructure and energy projects. For Dangote Refinery, the arrangement provides both immediate financial relief and a stronger base for future growth.