Pathway Announces Launch of Pivot Integrated Energy’s N100bn CP Issuance
Kayode Tokede
Pathway Advisors Limited, the Lead Arranger and Issuing House, has announce the opening for subscription, the Pivot Integrated Energy Services LimitedSeries 1 Commercial Paper issuance of up to N100 billion under its N300 billion Commercial Paper Programme.
The Offer, it said, is expected to close on July 31, 2026. Rated by Agusto & Co. – A3, Global Credit Rating – A3 and DataPro Limited – A1, the offer comes in Tranche A (180 days), Tranche B (270 days), Tranche C (364 days).
The company in a statement said 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.
“The Offer 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,” the statement read in parts.
Pivot Integrated Energy Services Limited (“the Company” or “Pivot”) 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 Company supplies Premium Motor Spirit (“PMS”), Automotive Gas Oil (“AGO”) and Aviation Turbine Kerosene (“ATK”) to a diversified customer base comprising bulk buyers, distributors, industrial users, logistics operators, manufacturers and retail-linked channels across major cities including Lagos, Calabar and Port Harcourt.
Pivot is one of the 20 approved off-takers under the Dangote Refinery PMS Consortium, with an allocated target volume of 300 million litres per quarter.
Pathway Advisors Limited, a leading issuing house, financial advisory and capital-raising firm registered and regulated by the Securities and Exchange Commission (SEC), Nigeria. The firm’s services cover transaction advisory, capital raising, project finance, mergers and acquisitions advisory, and strategic financial solutions to corporate and institutional clients.
