Perfect 10: Addax Energy’s slick new borrowing base
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.
![](https://cdn.txfmedia.com/assets/Images/Thumbnails/400/6744_bigstock_Whole_Barrel_Of_Oil_And_Crude__230323372.jpg)