Pathway Advisors Limited announced on Thursday that it had opened subscriptions for Pivot Integrated Energy Services Limited’s Series 1 Commercial Paper issuance of up to N100bn.
The Series 1 issuance is being executed under Pivot Energy’s broader N300bn Commercial Paper Programme.
“The offer presents investors with an opportunity to participate in the growth of a leading indigenous downstream energy company,” the firm stated.
Commenting on the development, the Chief Executive Officer and Managing Director of Pivot Integrated Energy Services, Mr Babajide Babatope, said, “Nigeria’s downstream energy market demands scale, speed, and the right capital structure to compete effectively.
“This commercial paper programme gives us the financial firepower to support our growing volumes, reinforce our supply chain, and serve our customers with greater reliability across the regions we operate in.”
Similarly, the Founder and Chief Executive Officer of Pathway Advisors Limited, Mr Adekunle Alade, noted, “Companies like Pivot Integrated Energy Services
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