Pre-payment of ?5M loan

RNS Number : 6178Y

GCP Infrastructure Investments Ltd

28 January 2014

 



28 January 2014

GCP Infrastructure Investments Limited

("GCP" or "the Company")

Pre-payment of £5m loan

On 3 April 2013 the Master Fund made a loan of £11.25m to GCP RHI Boiler 2 Limited. The proceeds of the loan were used to fund a debt facility to finance the installation of biomass boilers on commercial premises. However, the demand for such boilers has not been as high as anticipated and in light of the smaller than expected pipeline of near-term opportunities, GCP RHI Boiler 2 Limited pre-paid £5m of the loan amount outstanding on 27 January 2014.

It is expected that the capital pre-paid will be reinvested in accordance with the investment objectives of the Company shortly.

Contact details:
Gravis Capital Partners LLP
Stephen Ellis	[phone]
Rollo Wright	[phone]
Oriel Securities
Neil Winward	[phone]
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 investment company that seeks to generate returns from senior and subordinated infrastructure debt and related and/or similar assets (the "Target Assets"). The Company achieves this by investing substantially all of its capital in GCP Infrastructure Fund Limited (the "Master Fund"), an open-ended investment company that holds the Target Assets. The Company is the majority shareholder of the Master Fund. The Company and the Master Fund are advised by Gravis Capital Partners LLP (the "Investment Adviser").

 

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