Revolving Credit Facility

RNS Number : 8581T

GCP Infrastructure Investments Ltd

30 March 2021

 

GCP Infrastructure Investments Limited

("GCP Infra" or the "Company")

LEI 213800W64MWATSIV5Z47

Revolving Credit Facility

30 March 2021

GCP Infra, the only UK listed fund focused primarily on investments in UK infrastructure debt, is pleased to announce that on 29 March 2021, the Company entered into new revolving credit arrangements for an aggregate amount of £165 million (the "Facilities"), replacing the Company's previous revolving credit facility.

The Facilities, which are substantially fully drawn, are split across two tranches; a three year tranche of £140m expiring in March 2024 and a three-month tranche of £25m expiring in June 2021. It is the Company's intention that the three-month facility will be repaid out of resources that will be available to the Company prior to its expiry. The Facilities have been agreed with three lenders, Royal Bank of Scotland International, Lloyds and Allied Irish Bank.

Interest on amounts drawn under the Facilities is charged at SONIA plus 2.0% per annum. A commitment fee of 0.70% per annum is payable on undrawn amounts.

For further information please contact:

Gravis Capital Management Limited Philip Kent	[phone]
Stifel Nicolaus Europe Limited Mark Bloomfield Nick Donovan	[phone]
Buchanan/Quill Helen Tarbet Sarah Gibbons-Cook Henry Wilson	[phone]

Notes to the Editor

About GCP Infra

GCP Infra is a closed-ended investment company and FTSE-250 constituent whose shares are traded on the main market of the London Stock Exchange. Its objective is to provide shareholders with regular, sustained, long-term distributions and to preserve capital over the long term by generating exposure to UK infrastructure debt and related and/or similar assets.

The Company primarily targets investments in infrastructure projects with long term, public sector-backed, availability-based revenues. Where possible, investments are structured to benefit from partial inflation protection. GCP Infra is advised by Gravis Capital Management Limited.

GCP Infra has been awarded  with the London Stock Exchange's Green Economy Mark in recognition of its contribution to positive environmental outcomes.

 

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