Renewal and Increase of INPP Credit Facility

RNS Number : 4978Y

International Public Partnership Ld

24 January 2014

 



24 January 2014

Renewal and Increase of INPP Credit Facility

International Public Partnerships Limited ("INPP", "the Company"), the FTSE 250 listed infrastructure investment company, is pleased to announce that it has renewed and increased its corporate credit facility with the incumbent providers, Royal Bank of Scotland ("RBS") and National Australia Bank ("NAB").

The Company has increased the facility from £100 million to £175 million to support its strong pipeline of near and medium term investment opportunities including the Lincolnshire Offshore Transmission Project (OFTO) and acquisition of interests in the Berlin Ministry of Finance and Education building in Germany.

The term of the facility is three years, expiring in December 2016. The majority of other terms remain the same as the previous facility with the margin on the facility remaining at 225bps over LIBOR. 

For further information:

Erica Sibree                                                                  [phone]

Amber Fund Management Limited                                              

Nick Westlake/Hugh Jonathan                                        [phone]/1263

Numis Securities

Ed Berry/Jack Hickey                                                     [phone]/7196
FTI Consulting

About International Public Partnerships (INPP):

International Public Partnerships (INPP) is a listed infrastructure investment company which invests in global public infrastructure projects developed under the public private partnerships (PPP), private finance initiative (PFI), regulated asset and other similar procurement methods.

Listed in 2006, INPP is a long-term investor in 122 social and transport infrastructure projects, including schools, hospitals, courts, police headquarters, transport and utility and transmission projects in the U.K., Europe, Australia and Canada. INPP seeks to provide its shareholders with both a long-term yield and capital growth through investment across both construction and operational phases of 25-40 year concessions.

Amber Infrastructure Group (Amber) is the Investment Advisor to INPP and consists of approximately 70 dedicated staff who manage, advise on and originate projects for INPP.

Visit the INPP website at www.internationalpublicpartnerships.com for more information.

 

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