Investment commitment of up to £62.9 million

RNS Number : 6823W

GCP Infrastructure Investments Ltd

21 August 2015

 

GCP Infrastructure Investments Limited

(the "Company")

GCP Infrastructure Investments Limited

("GCP" or "the Company")

Investment commitment of up to £62.9million

The Board of Directors of GCP, the UK's only listed infrastructure fund focused primarily on investments in UK infrastructure debt, is pleased to announce the completion on 20^th August 2015 of a transaction subscribing for a loan note with a term of 17 years and a value of up to £62.9 million (the "Loan Note"). The Company will advance £36.6 million at completion and the remainder is expected to be drawn down over the next few months subject to various conditions.

The Loan Note will be issued by GCP Biomass 5 Limited and the proceeds used to provide a loan secured on a senior basis against a portfolio of 5 anaerobic digestion assets (the "Projects") owned by Agrivert Limited, a market leading builder and operator of Anaerobic Digestion plants. Investment by the Company in each of the Projects will remain subject to each receiving government subsidies, either in the form of the Feed-in Tariff ("FIT") scheme or Renewable Obligation Certificates ("ROCs"), which inflate at RPI.

The acquisition of the Notes has been financed from a drawing under GCP's revolving credit facility.

Contact details:
Gravis Capital Partners LLP
Stephen Ellis	[phone]
Rollo Wright	[phone]
Stifel Nicolaus Europe Limited
Neil Winward	[phone]
Mark Bloomfield
Cenkos Securities plc
Dion Di Miceli	[phone]
Tom Scrivens	[phone]
Buchanan
Charles Ryland	[phone]
Sophie McNulty Louise Hadcocks
Capita Financial Administrators (Jersey) Limited
Clare McIntosh	[phone]
Gabrielle McLaughlin

 

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