Kemble Water Junior Loan repayment

RNS Number : 5893E

HICL Infrastructure Company Ld

11 April 2011

 



11 April 2011

HICL Infrastructure Company Limited

Kemble Water Junior Loan repayment

HICL Infrastructure Company Limited (the "Company"), the listed infrastructure investment company, announces today that it has received £30 million from its investment in the Kemble Water junior loan which has been fully repaid at par. 

The junior loan was repaid as part of a refinancing of the Thames Water group to replace financing put in place for the acquisition of Thames Water in 2006.

The £30 million proceeds received compares with the valuation of the investment in the Company's portfolio as at 30 September 2010 of £27.7 million. The Company will seek to invest the proceeds of the repayment as and when suitable acquisition opportunities arise.

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M:Communications	[phone]
Ed Orlebar Andrew Benbow
InfraRed Capital Partners Limited	[phone]
Tony Roper Keith Pickard Sandra Lowe

HICL Infrastructure Company Limited

The Company is a long term investor in infrastructure projects which are predominantly in their operating phase and yielding steady returns. It was the first infrastructure investment company to be listed on the London Stock Exchange. With this redemption, it now owns a portfolio of 37 PFI/PPP projects, and is seeking further suitable investment opportunities which fit its stated Investment Strategy.

Further details of the Company can be found on its website www.hicl.com.   

Investment Adviser

The Investment Adviser to the Company is InfraRed Capital Partners Limited, whose infrastructure investment team has successfully invested in infrastructure projects since 1997 and which is currently part of HSBC Specialist Investments, the infrastructure and real estate investment arm of the HSBC Group. It was announced in December 2010 that a contract had been signed with HSBC for the business to become an affiliate of HSBC (from its current status of 100%-owned subsidiary) and it is currently envisaged that the transaction will be completed in April 2011.

InfraRed Capital Partners Limited is authorised and regulated by the Financial Services Authority.

 

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