Refinancing of investment & pay-down debt facility

RNS Number : 4065V

GCP Infrastructure Investments Ltd

15 April 2016

 

GCP Infrastructure Investments Limited

("GCP" or "the Company")

Refinancing of investment and pay-down on debt facility

On 25 March 2015 the Company announced the completion of a loan with an aggregate value of £59.7 million secured on a senior basis against the cash flows arising from a number of portfolios of domestic solar panel installation in England.

The Company is pleased to announce the completion on 14 April 2016 of a refinancing by Aviva of this loan. Pursuant to this refinancing, the Company will retain a subordinated investment of £23.9 million secured against the cash flows from the same portfolios of solar assets at a materially enhanced rate of return.

Following this refinancing, the Company has partially repaid £32.0 million of its £50 million revolving loan facility, with the drawn down balance on the facility now standing at £18.0 million.

Contact details:
Gravis Capital Partners LLP
Stephen Ellis	[phone]
Rollo Wright Dion Di Miceli	[phone] [phone]
Stifel Nicolaus Europe Limited
Neil Winward	[phone]
Mark Bloomfield
Tunga Chigovanyika

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.

 

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