Pathway Launches N100bn CP Issuance for Pivot Energy

Pathway Advisors Limited, serving as the Lead Arranger and Issuing House, has announced the opening for subscription of the Series 1 Commercial Paper issuance by Pivot Integrated Energy Services Limited, amounting to up to N100 billion under its N300 billion Commercial Paper Programme. The offer is set to close on July 31, 2026.

The issuance has been rated by Agusto & Co. and DataPro Limited, with Tranche A (180 days), Tranche B (270 days), and Tranche C (364 days). The proceeds from this issuance will be utilized for working capital finance, aiding Pivot's operations in the importation, trading, storage, distribution, and supply of refined petroleum products across Nigeria and selected African markets.

Pivot Integrated Energy Services Limited is recognized as a leading indigenous downstream energy company, supplying Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), and Aviation Turbine Kerosene (ATK) to a diverse customer base. The company is also one of the 20 approved off-takers under the Dangote Refinery PMS Consortium, with a target volume of 300 million litres per quarter.