Pre-payment of ?6.25m loan

RNS Number : 3279H

GCP Infrastructure Investments Ltd

16 May 2014

 



16 May 2014

GCP Infrastructure Investments Limited

("GCP" or "the Company")

Pre-payment of £6.25m loan

On 3 April 2013 the Company announced that a loan of £11.25m had been made to GCP RHI Boiler 2 Limited. The proceeds of the loan were used to fund a debt facility to finance the installation of biomass boilers on commercial premises. On 27 January 2014, GCP RHI Boiler 2 Limited pre-paid £5m of the loan amount then outstanding. Given that the demand for such boilers has remained significantly lower than anticipated, GCP RHI Boiler 2 Limited pre-paid the remaining £6.25m of the loan amount outstanding on 15 May 2014.

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

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 Company is advised by Gravis Capital Partners LLP.

 

END

 

 

MSCSFUSAMFLSEDI