Investment commitment of ?12.3 million

RNS Number : 6254A

GCP Infrastructure Investments Ltd

23 December 2014

 



23 December 2014

GCP Infrastructure Investments Limited

("the Company")

Investment commitment of £12.3 million

The Board of Directors of the Company, the UK's only listed infrastructure fund focused primarily on investments in UK infrastructure debt, is pleased to announce the completion on 23 December 2014 of a transaction subscribing for a loan note with an expected term of c.35 years and an initial value of up to £12.3 million when fully drawn (the "Loan Note"). The Company has advanced c. £1.4 million at completion and the majority of the balance is expected to be advanced over the next five months.

The Loan Note will be issued by GCP Social Housing 1 Limited and the proceeds used to provide a loan facility secured on a senior basis to finance the acquisition of a number of social housing units for occupation by adults with learning or physical difficulties which will be subject to one or more fully repairing and insuring leases (the "Leases") with terms of not less than c. 35 years with one or more housing associations in England and Wales regulated by the Homes and Communities Agency.

All payments of both principal and interest in relation to the Loan Note are expected to be serviced from the cashflows arising under the Leases.

The acquisition of the Loan Note has been financed fully from available cash reserves within the Company.

Contact details:
Gravis Capital Partners LLP
Stephen Ellis	[phone]
Rollo Wright	[phone]
Oriel Securities
Neil Winward	[phone]
Mark Bloomfield
Tunga Chigovanyika
Cenkos Securities
Dion Di Miceli	[phone]
Tom Scrivens	[phone]
Buchanan
Charles Ryland	[phone]
Sophie McNulty

Notes to Editors

The Company

The Company is a closed-ended London Stock Exchange-listed investment company that seeks to generate returns from senior and subordinated infrastructure debt and related and/or similar assets. The Company is advised by Gravis Capital Partners LLP.

The Homes and Communities Agency

The Homes and Communities Agency is an executive non-departmental public body, sponsored by the Department for Communities and Local Government. It is responsible for the regulation of social housing providers in England.

 

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