GCP Infrastructure Investments Ltd Conditional investment commitment (4882W)
November 15 2017 - 4:26AM
UK Regulatory
TIDMGCP
RNS Number : 4882W
GCP Infrastructure Investments Ltd
15 November 2017
GCP Infrastructure Investments Limited
("GCP Infra" or the "Company")
LEI 213800W64MWATSIV5Z47
Headline: Conditional investment commitment of c. GBP52
million
15 November 2017
The Board of GCP Infra, which is the only UK listed fund focused
primarily on investments in UK infrastructure debt, is pleased to
announce that the Company has entered into a conditional, binding
commitment to subscribe for a series of loan notes (the "Loan
Notes") with a value of c. GBP52 million, the proceeds of which
shall be used to finance investments in five operational onshore
wind farms located across the UK (the "Projects").
Each of the Projects is in receipt of renewable obligation
certificates, a government-sponsored mechanism for promoting
renewable electricity generation in the UK.
The Company's conditional investment is subject to the receipt
of third party consents to the proposed transaction.
The subscription for the Loan Notes, if issued, will be funded
by the Company from its available resources at the relevant time.
The Loan Notes, if issued, will be issued by an intermediary
company set up for these purposes.
For further information please contact:
Gravis Capital Management Ltd
Stephen Ellis
Rollo Wright
Philip Kent
Dion Di Miceli +44 (0)20 3405 8500
Stifel Nicolaus Europe Limited
Neil Winward
Mark Bloomfield
Tunga Chigovanyika +44 (0)20 7710 7600
Buchanan
Charles Ryland
Henry Wilson
Victoria Hayns +44 (0)20 7466 5000
Notes to the Editor
About GCP Infra
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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