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2026 | By Circle LLP
Circle LLP is advising an integrated steel conglomerate on a US$125 million capital raise from a consortium of international lenders. The financing mandate relates to the development of an integrated steel and direct reduced iron plant in Ogun State, Nigeria.
The project is intended to expand the client's industrial production capacity. The proposed financing brings together an industrial development project and international lending counterparties, with Circle LLP providing corporate and commercial legal advice to the client in connection with the capital raise.
The engagement remains an ongoing financing mandate. The client's identity and further transaction details are not disclosed. Circle LLP's work on the matter forms part of its corporate finance and private capital practice.
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