Extension of the Group's Revolving Credit Facility

RNS Number : 5132R

HICL Infrastructure Company Ld

01 March 2019

 

1 March 2019

HICL Infrastructure Company Limited

Extension of the Group's Revolving Credit Facility

HICL Infrastructure Company Limited, the listed infrastructure investment company advised by InfraRed Capital Partners Limited, is pleased to announce the extension of its £400m revolving credit facility for a further year.

The facility with National Australia Bank, Sumitomo Mitsui Banking Corporation, Lloyds Bank, Royal Bank of Scotland, ING, Santander, HSBC and Credit Agricole remains on the same terms as previously, namely a margin of 1.65% over LIBOR.  The new expiry date is 31 May 2022.

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Enquiries

InfraRed Capital Partners Limited                                            [phone]

Harry Seekings

Keith Pickard

Tulchan Communications                                                          [phone]

David Allchurch

Toby Bates

Canaccord Genuity Limited                                                       [phone]

David Yovichic

RBC Capital Markets                                                                    [phone]

Darrell Uden

 

HICL Infrastructure Company Limited

HICL Infrastructure Company Limited ("HICL" or the "Company", and together with its subsidiaries the "HICL Group") is a long-term investor in infrastructure assets which are predominantly operational and yielding steady returns. It was the first infrastructure investment company to be listed on the London Stock Exchange.

With a current portfolio of 117 infrastructure investments, HICL is seeking further suitable opportunities, which are positioned at the lower end of the risk spectrum, in three target markets segments: PPP projects; regulated assets; and demand-based assets.

Further details can be found on the HICL website www.hicl.com.

Investment Adviser (InfraRed Capital Partners)

The Investment Adviser to HICL is InfraRed Capital Partners Limited ("InfraRed") which has successfully invested in over 200 infrastructure projects since 1997. InfraRed is a leading international investment manager focused on infrastructure and real estate. It operates worldwide from offices in London, Hong Kong, New York, Seoul and Sydney. With over 140 professionals it manages in excess of US$10bn of equity capital in multiple private and listed funds, primarily for institutional investors across the globe. InfraRed is authorised and regulated by the Financial Conduct Authority.

The infrastructure investment team at InfraRed consists of over 75 investment professionals, all with an infrastructure investment background and a broad range of relevant skills, including private equity, structured finance, construction, renewable energy and facilities management.

InfraRed implements best-in-class practices to underpin asset management and investment decisions, promotes ethical behaviour and has established community engagement initiatives to support good causes in the wider community. InfraRed is a signatory of the Principles of Responsible Investment.

Further details can be found on InfraRed's website www.ircp.com. 

 

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