Perfect 10: Addax Energy’s slick new borrowing base

Max Thompson

Managing Editor

Oil trader Addax Energy closed a rare IFC-backed borrowing base in Mauritania in 2018, to take home TXF's African Commodities Finance Deal of the Year Award. And the financing has multi-jurisdictional legal lessons for independent traders looking to close hybrid corporate and structured trade finance deals in high-risk profile African countries.

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