Pathway Advisors Limited, the Lead Arranger and Issuing House has disclosed that Pivot Integrated Energy Services Limited series 1 Commercial Paper (CP) issuance of up to N100 billion under its N300 billion Commercial Paper programme is now open for subscription.
Pivot Integrated Energy Services Limited is an indigenous integrated downstream energy company engaged in the importation, trading, storage, distribution, and supply of refined petroleum products across Nigeria and selected African markets.
The Offer, which is expected to close on July 31, presents investors with an opportunity to participate in the growth of a leading indigenous downstream energy company with a strong track record of revenue growth, robust off-take arrangements, and improving profitability.
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The proceeds from the Issuance will be applied towards working capital finance, supporting Pivot’s ongoing operations in the importation, trading, storage, distribution and supply of refined petroleum products across Nigeria and selected African markets.
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