GBP 50 million Revolving Credit Facility signed

RNS Number : 3024I

GCP Infrastructure Investments Ltd

24 March 2015

 



GCP Infrastructure Investments Ltd

24 March 2015



24 March 2015



GCP Infrastructure Investments Limited

("GCP" or "the Company")

£50 million Revolving Credit Facility signed

GCP, the only listed fund focused on investments in UK infrastructure debt, is pleased to announce that on 23 March 2015 the Company executed a three year £50 million revolving credit facility with Royal Bank of Scotland International Limited. All amounts drawn under the facility are to be used in or towards the making of investments in accordance with the Company's investment policy. Interest on amounts drawn under the facility is charged at a rate of LIBOR plus the margin. The margin is 2.25 per cent. per annum. A commitment fee is payable on undrawn commitments. An arrangement fee was levied upon signing. The facility imposes various minimum interest cover and loan-to-value ratios on the Company. Voluntary prepayment and cancellation is permitted in minimum amounts of £500,000. The facility is secured, inter alia, by way of a charge over  accounts of the Company, a charge over the shares in GCP Infrastructure Asset Holdings Limited (the "Subsidiary") held by the Company and a UK debenture from the Subsidiary.

Contact details:
Gravis Capital Partners LLP
Stephen Ellis	[phone]
Rollo Wright	[phone]
Stifel Nicolaus Europe Limited
Neil Winward	[phone]
Mark Bloomfield
Tunga Chigovanyika
Cenkos Securities plc
Dion Di Miceli	[phone]
Tom Scrivens	[phone]
Buchanan
Charles Ryland	[phone]
Sophie McNulty

 

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 Partners LLP.

This information is provided by RNS

The company news service from the London Stock Exchange

 

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