PAC Capital Limited Facilitates $300 Million Investment in Access Bank Plc

PAC Capital Limited is happy to have served as Access Holdings Plc (“Access Holdco”)’s lead financial adviser and fund arranger on its recently completed US$300 million investment finance facility.

Mr. Humphrey Oriakhi, the Managing Director of PAC Capital (https://www.PACCapitalLtd.com/), commented on the facility and reaffirmed the company’s dedication to offering high-quality consulting and fund arrangement services that improve the chances for growth and expansion of its clients.

“We are thrilled to close this historic deal for our client. This is consistent with our value proposition, which is to take advantage of chances to give our clients access to both long-term and short-term capital, according to Mr. Oriakhi.

The US$300 million credit that Access Holdco secured would be used to inject capital into Access Bank Plc, its banking subsidiary, to further enhance its capital basis and supplement the financial requirements of its African expansion strategy.

“The investment takes the form of a Tier 1 capital qualifying mandatory convertible instrument and is expected to improve the bank’s shareholders’ funds and total capital ratios,” Access Holdings stated in a statement.

The fact that PAC financing actively participated in such historic deals further demonstrates that the investment banking firm is at the forefront of fostering corporate and business growth in Africa by enhancing access to borderless financing.

As this deal comes after the company’s role as fund arrangers to an investor and the raising of US$300 million for the acquisition of majority stake in a Nigerian financial institution in 2022, PAC Capital has demonstrated its commitment to consolidating its activities in the financial services space through this deal.