3i Infrastructure completes investment in Infinis

RNS Number : 3735R

3i Infrastructure PLC

08 December 2016

 

3i Infrastructure plc completes investment in Infinis

8 DECEMBER 2016

3i Infrastructure plc ("3i Infrastructure") has completed the acquisition of 100% of Infinis plc and its subsidiaries ("Infinis"). 3i Infrastructure has invested £185m. The transaction was announced on 31 October 2016. In connection with the transaction, 3i Infrastructure's wholly-owned subsidiary, 3i LFG Limited, has entered into a committed financing facility with BNP Paribas Fortis S.A./N.V., Lloyds Bank PLC and The Royal Bank of Scotland (the "Facility") for the purposes of refinancing the outstanding 7.0% senior notes due 2019 issued by Infinis during Q1 2017. Drawdown of the Facility is subject to satisfaction of customary conditions. 

For further information, contact:

Richard Laing Chairman, 3i Infrastructure plc	Tel: [phone]
Toby Bates Media enquiries	Tel: [phone] Email: [e-mail]
Thomas Fodor Investor enquiries	Tel: [phone] Email: [e-mail]

Notes to editors:

About 3i Infrastructure plc

3i Infrastructure plc is a Jersey-incorporated, closed-ended investment company, listed on the London Stock Exchange and regulated by the Jersey Financial Services Commission. The Company is a long-term investor in infrastructure businesses and assets. The Company's market focus is on economic infrastructure and greenfield projects in developed economies, principally in Europe, investing in operating businesses and projects which generate long-term yield and capital growth.

3i Investments plc, a wholly-owned subsidiary of 3i Group plc, is authorised and regulated in the UK by the Financial Conduct Authority and acts as Investment Adviser to 3i Infrastructure plc.

About Infinis

Infinis is the leading generator of electricity from LFG in the UK. As at June 30 2016, Infinis had 121 operating sites and 7 outsourced sites geographically dispersed across the UK and had power generation installed capacity of over 300MW at its sites.

 

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