Master Fund Heads of Terms Executed
GCP Infrastructure Investments Limited
(the 'Company')
Headline: Master Fund Heads of Terms Executed
The Board of Directors of the Company wish to announce that Gravis Capital Partners LLP (the "Investment Adviser") has executed heads of terms, on behalf of GCP Infrastructure Fund Limited (the "Master Fund"), to advance a series of loans (the "Loans") secured on a subordinated basis against a portfolio of healthcare and accommodation PFI assets. The Loans are expected to be in an aggregate amount in excess of c. £22 million and have an average life of c. 28 years.
The proposed transaction, whose completion is subject to a number of conditions including satisfactory legal, financial and operational due diligence, is expected to close within six weeks.
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Contact details:
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Capita Financial Administrators (Jersey) Limited |
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Clare McIntosh |
+44 1534 847405 |
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Richard Anthony |
+44 1534 847231 |
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End of Announcement
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