The Toronto-listed company and US independent signed a $1.79 billion deal in 2013 for the transaction.
Oando said it had signed a $350 million corporate facility from a syndicate of Nigerian lenders including FBN Capital Limited. Interest would be Libor plus 9.5% for the first 57 months and 10.5% through final maturity of 72 months.
A second $450 million loan senior secured facility is backed by international banks including BNP Paribas and the Standard Bank of South Africa.
Oando
