GCP Infrastructure Investments Ltd Revolving Credit Facility (8581T)
March 30 2021 - 2:00AM
UK Regulatory
TIDMGCP
RNS Number : 8581T
GCP Infrastructure Investments Ltd
30 March 2021
GCP Infrastructure Investments Limited
("GCP Infra" or the "Company")
LEI 213800W64MWATSIV5Z47
Revolving Credit Facility
30 March 2021
GCP Infra, the only UK listed fund focused primarily on
investments in UK infrastructure debt, is pleased to announce that
on 29 March 2021, the Company entered into new revolving credit
arrangements for an aggregate amount of GBP165 million (the
"Facilities"), replacing the Company's previous revolving credit
facility.
The Facilities, which are substantially fully drawn, are split
across two tranches; a three year tranche of GBP140m expiring in
March 2024 and a three-month tranche of GBP25m expiring in June
2021. It is the Company's intention that the three-month facility
will be repaid out of resources that will be available to the
Company prior to its expiry. The Facilities have been agreed with
three lenders, Royal Bank of Scotland International, Lloyds and
Allied Irish Bank.
Interest on amounts drawn under the Facilities is charged at
SONIA plus 2.0% per annum. A commitment fee of 0.70% per annum is
payable on undrawn amounts.
For further information please contact:
Gravis Capital Management Limited
Philip Kent +44 (0)20 3405 8500
Stifel Nicolaus Europe Limited
Mark Bloomfield
Nick Donovan +44 (0)20 7710 7600
Buchanan/Quill
Helen Tarbet
Sarah Gibbons-Cook
Henry Wilson +44 (0)20 7466 5000
Notes to the Editor
About GCP Infra
GCP Infra is a closed-ended investment company and FTSE-250
constituent whose shares are traded on the main market of the
London Stock Exchange. Its objective is to provide shareholders
with regular, sustained, long-term distributions and to preserve
capital over the long term by generating exposure to UK
infrastructure debt and related and/or similar assets.
The Company primarily targets investments in infrastructure
projects with long term, public sector-backed, availability-based
revenues. Where possible, investments are structured to benefit
from partial inflation protection. GCP Infra is advised by Gravis
Capital Management Limited.
GCP Infra has been awarded with the London Stock Exchange's
Green Economy Mark in recognition of its contribution to positive
environmental outcomes.
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END
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