Investment commitment of c. £26 million

RNS Number : 0956U

Project Finance Investments Limited

04 April 2016

 

4^th April 2016

Project Finance Investments Limited

(the "Company")

Investment commitment of c. £26 million

c. 15 year loan notes

The Company is pleased to announce two loans of up to c£26m in aggregate to finance construction projects for a private residential care home and a municipal recycling facility.

The terms of the loans are c.17 years and c.15 years respectively. Each loan is secured by way of a first ranking charge against the relevant asset.

The loans have been financed from the proceeds of the Company's recent IPO, following which the Company is now fully invested.

Contact details:
Gravis Capital Partners LLP
David Conlon	[phone]
Stephen Ellis	[phone]
Dion Di Miceli	[phone]
Cenkos Securities plc
Sapna Shah	[phone]
Tom Scrivens	[phone]

 

Notes to Editors

The Company

The Company is a closed ended investment company traded on the Main Market of the London Stock Exchange. Its investment objective is to generate attractive risk-adjusted returns primarily through regular, growing distributions and modest capital appreciation over the long term.

The Company seeks to meet its investment objective by making investments in a diversified portfolio of project finance investments which have contracted, predictable medium to long term cash flows and/or physical assets and which are predominantly UK based.

 

END

 

 

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