Investment commitment of c.?80 million

RNS Number : 1244M

GCP Infrastructure Investments Ltd

26 April 2018

 

GCP Infrastructure Investments Limited

("GCP Infra" or the "Company")

LEI 213800W64MWATSIV5Z47

Investment commitment of c.£80 million

26 April 2018

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 commitment to subscribe for a series of loan notes (the "Loan Notes") with a value of c. £80 million, the proceeds of which shall be used to finance investment in an operational offshore wind project located in the UK (the "Project").  

The Project is in receipt of renewable obligation certificates, a government-sponsored mechanism for promoting renewable electricity generation in the UK.

The subscription for the Loan Notes 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 Limited Rollo Wright Philip Kent Dion Di Miceli	[phone]
Stifel Nicolaus Europe Limited                                                                  Mark Bloomfield Neil Winward Tunga Chigovanyika	[phone]
Buchanan                                                                                                              Charles Ryland Henry Wilson	[phone]

End of Announcement

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.

 

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