GCP Infrastructure Investments Ltd Additional investment commitment of up to £40.0m (4334D)
April 26 2017 - 9:35AM
UK Regulatory
TIDMGCP
RNS Number : 4334D
GCP Infrastructure Investments Ltd
26 April 2017
LEI No. 213800W64MNATSIV5Z47
GCP Infrastructure Investments Limited
("GCP Infrastructure" or "the Company")
Additional investment commitment of up to GBP40.0 million in
social infrastructure
GCP Infrastructure, the only UK listed fund focused primarily on
investments in UK infrastructure debt is pleased to announce that
it has committed to subscribe for a loan note of up to GBP40
million in aggregate (the "Loan Note"), the proceeds of which will
be used to finance supported living units for occupation by adults
with learning or physical difficulties.
The Loan Note, with an expected term of c.35 years, will be used
to provide funding for the acquisition of operational supported
living units, and is secured on a senior basis against the
underlying physical properties. All properties will be subject to
one or more fully repairing and insuring leases with one or more
housing associations in England, regulated by the Homes and
Communities Agency. The initial drawdown will be for c. GBP5m, with
the balance expected to be drawn over the next 12 to 18 months.
The Loan Notes will be issued by GCP Programme Funding 1
Limited, an intermediary company set up for these purposes.
The acquisition of the Loan Note has been financed from existing
cash reserves.
Contact details:
Gravis Capital Management
Limited +44 (0)20 7518 1490
Stephen Ellis
Rollo Wright
Stifel Nicolaus Europe
Limited +44 (0)20 7710 7600
Neil Winward
Mark Bloomfield
Tunga Chigovanyika
Buchanan +44 (0)20 7466 5000
Charles Ryland
Robbie Ceiriog-Hughes
Victoria Watkins
Notes to Editors
The Company
The Company is a closed-ended London Stock Exchange-listed
investment company that seeks to generate returns from senior and
subordinated infrastructure debt and related and/or similar assets.
The Company is advised by Gravis Capital Management Limited.
This information is provided by RNS
The company news service from the London Stock Exchange
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