International Public Partnership Ld Renewal and Increase of INPP Credit Facility (4978Y)
January 24 2014 - 9:44AM
UK Regulatory
TIDMINPP
RNS Number : 4978Y
International Public Partnership Ld
24 January 2014
24 January 2014
Renewal and Increase of INPP Credit Facility
International Public Partnerships Limited ("INPP", "the
Company"), the FTSE 250 listed infrastructure investment company,
is pleased to announce that it has renewed and increased its
corporate credit facility with the incumbent providers, Royal Bank
of Scotland ("RBS") and National Australia Bank ("NAB").
The Company has increased the facility from GBP100 million to
GBP175 million to support its strong pipeline of near and medium
term investment opportunities including the Lincolnshire Offshore
Transmission Project (OFTO) and acquisition of interests in the
Berlin Ministry of Finance and Education building in Germany.
The term of the facility is three years, expiring in December
2016. The majority of other terms remain the same as the previous
facility with the margin on the facility remaining at 225bps over
LIBOR.
For further information:
Erica Sibree +44 (0)20 7939 0558
Amber Fund Management Limited
Nick Westlake/Hugh Jonathan +44 (0)20 7260 1345/1263
Numis Securities
Ed Berry/Jack Hickey +44 (0)20 7269 7297/7196
FTI Consulting
About International Public Partnerships (INPP):
International Public Partnerships (INPP) is a listed
infrastructure investment company which invests in global public
infrastructure projects developed under the public private
partnerships (PPP), private finance initiative (PFI), regulated
asset and other similar procurement methods.
Listed in 2006, INPP is a long-term investor in 122 social and
transport infrastructure projects, including schools, hospitals,
courts, police headquarters, transport and utility and transmission
projects in the U.K., Europe, Australia and Canada. INPP seeks to
provide its shareholders with both a long-term yield and capital
growth through investment across both construction and operational
phases of 25-40 year concessions.
Amber Infrastructure Group (Amber) is the Investment Advisor to
INPP and consists of approximately 70 dedicated staff who manage,
advise on and originate projects for INPP.
Visit the INPP website at
www.internationalpublicpartnerships.com for more information.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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