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Latham Advises on Vaaris Resources JVCo Limited US$500 Million Senior Secured Borrowing Base Facility
October 28, 2026
London team advises the senior mandated lead arrangers and senior lenders on the financing of Vaaris Resources' acquisition of an interest in the Renaissance JV’s oil mining licenses in Nigeria.
Latham & Watkins has advised the senior mandated lead arrangers and senior lenders on a senior secured borrowing base facility of up to US$500 million for Vaaris Resources, an indigenous Nigerian upstream oil and gas energy consortium.
The financing supports Vaaris Resources' acquisition of TotalEnergies EP Nigeria’s 10% participating interest in the Renaissance JV’s 18 oil mining licenses in the Niger Delta, with TotalEnergies retaining the full economic interest in three OMLs under a retained interest agreement.
The Latham team was led by London finance partner Tom Bartlett, with London associates Nassef Ghazy and Shelby Lee.