Bboxx Capital Kenya’s $14 Million Facility

Dentons Hamilton Harrison & Mathews acted as Kenyan law advisers to SBM Bank Kenya Limited and GuarantCo Ltd on the transaction.

SBM Bank Kenya Limited and GuarantCo Ltd granted a KES 1.6 Billion local currency finance facility to Bboxx Capital Kenya Limited. SBM Bank Kenya Limited provided the KES 1.6 Billion facility to Bboxx Capital Kenya Limited while GuarantCo supported the transaction with a KES 1.2 billion (USD 11.25 million) partial credit guarantee of 75 percent against the loan facility.

Bboxx Capital Kenya Limited is a next generation utility company, aiming to provide affordable solar home systems for 470,000 Kenyans. The transaction will contribute to United Nation’s Sustainable Development Goals: Affordable and Clean Energy (SDG 7) and Climate Mitigation (SDG 13) through increasing access to affordable and reliable energy.

The Dentons Kenya team was led by partner Richard Omwela (Picture) working with associates Paula Ochango and Victor Sang and trainee Roselyne Mugo.
The English Law advice was provided by Dentons London, led by partner Ian Clements. 

Involved fees earner: Ian Clements – Dentons; Paula Ochango – Dentons Hamilton Harrison & Mathews; Richard Omwela – Dentons Hamilton Harrison & Mathews; Victor Sang – Dentons Hamilton Harrison & Mathews;

Law Firms: Dentons; Dentons Hamilton Harrison & Mathews;

Clients: GuarantCo Ltd.; SBM Bank Kenya Limited;