Pre-Payment of ?26m Loan

RNS Number : 9572T

GCP Infrastructure Investments Ltd

26 November 2013

 

26 November 2013



GCP Infrastructure Investments Limited

("GCP" or "the Company")

Pre-Payment of £26m loan

On 9 April 2013 the Master Fund made a loan of £26m to GCP RHI Boiler 1 Limited. The proceeds of the loan were used to fund a debt facility to be drawn down to finance biomass boilers to be installed on commercial premises. The demand for such boilers was not as high as anticipated and given that the demand for the boilers was not expected to improve in the near-term, GCP RHI Boiler 1 Limited pre-paid the £26m in full on 25 November 2013.

It is expected that the capital pre-paid will be reinvested in accordance with the investment objectives of the Company shortly.

Contact details:
Gravis Capital Partners LLP
Stephen Ellis	[phone]
Rollo Wright	[phone]
Oriel Securities
Neil Winward	[phone]
Tunga Chigovanyika
Cenkos Securities
Dion Di Miceli	[phone]
Tom Scrivens	[phone]
Buchanan
Charles Ryland	[phone]
Sophie McNulty Louise Hadcocks

Notes to Editors

The Company

The Company is a closed-ended investment company that seeks to generate returns from senior and subordinated infrastructure debt and related and/or similar assets (the "Target Assets"). The Company achieves this by investing substantially all of its capital in GCP Infrastructure Fund Limited (the "Master Fund"), an open-ended investment company that holds the Target Assets. The Company is the majority shareholder of the Master Fund. The Company and the Master Fund are advised by Gravis Capital Partners LLP (the "Investment Adviser").

 

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