Expansion of Revolving Acquisition Facility

RNS Number : 8706D

Renewables Infrastructure Grp (The)

03 February 2015

 



3 February 2015

The Renewables Infrastructure Group Limited
("TRIG" or the "Company" and together with the holding company subsidiaries, the "Group")

Expansion of Revolving Acquisition Facility

The Renewables Infrastructure Group Limited is pleased to announce that, in line with the continued growth of the Company's portfolio of onshore wind and solar photovoltaic projects, the revolving acquisition facility entered into by the Group with Royal Bank of Scotland plc and National Australia Bank Limited in February 2014 has been expanded from a maximum drawdown amount of £80 million to £120 million.

The expanded three-year committed multicurrency facility, which has been utilised several times, increases TRIG's flexibility to acquire further renewable energy generation projects prior to raising fresh equity, and reduces the impact on the Group's investment returns of cash drag which can otherwise result from holding significant amounts of uninvested cash on balance sheet.

For further information, please contact:

Enquiries

InfraRed Capital Partners Limited                              [phone]
Richard Crawford
Matt Dimond
Phil George

Dexion Capital (Guernsey) Limited                            [phone]
Christopher Copperwaite

 

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