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GCP Infra Inv Ltd (GCP)

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Friday 30 July, 2021

GCP Infra Inv Ltd

Investor Report at 30 June 2021 and RCF update

RNS Number : 9781G
GCP Infrastructure Investments Ltd
30 July 2021
 

GCP Infrastructure Investments Limited

("GCP Infra" or the "Company")

LEI 213800W64MNATSIV5Z47

 

Investor Report at 30 June 2021 and RCF Update

 

30 July 2021

 

GCP Infra, the only UK listed fund focused primarily on investments in UK infrastructure debt is pleased to announce the publication of its investor report, which is available at www.graviscapital.com/funds/gcp-infra/literature

 

The net asset value at 30 June 2021 was, as previously announced, 102.20 pence per ordinary share.

 

At 30 June 2021:

The Company was exposed to a diversified and partially inflation protected portfolio of 48 investments with an unaudited valuation of £1.0 billion;

The portfolio had a weight-adjusted average annualised yield of 8.0%, principal outstanding of £1.1 billion and an average life of 13 years.

 

In the period, the Company made six investments totalling £12.5 million in a variety of UK infrastructure sectors, the largest of which was a follow-on senior debt investment of £7.8 million to an onshore windfarm project. 

 

The Company is also pleased to announce that on 27 July 2021 the Company amended its existing revolving credit arrangements to increase the commitment on the three-year tranche from £140 million to £165 million through the introduction of a new lender, Clydesdale Bank Plc. This replaces the short-term tranche that expired, and was repaid in full, at the end of June 2021. Interest and commitment fees under the Company's revolving credit arrangements remain unchanged. 

 

For further information, please contact:

 

Gravis Capital Management Limited

Phil Kent

 

+44 (0)20 3405 8500

Stifel Nicolaus Europe Limited 

Mark Bloomfield

 

+44 (0)20 7710 7600

Buchanan/Quill 

Helen Tarbet

Sarah Gibbons-Cook

Henry Wilson

+44 (0)20 7466 5000

 

Notes to the Editor

 

About GCP Infra

GCP Infra is a closed-ended investment company and FTSE-250 constituent whose shares are traded on the main market of the London Stock Exchange. Its objective is to provide shareholders with regular, sustained, long-term distributions and to preserve capital over the long term by generating exposure to UK infrastructure debt and related and/or similar assets.

 

The Company primarily targets investments in infrastructure projects with long term, public sector-backed, availability-based revenues. Where possible, investments are structured to benefit from partial inflation protection. GCP Infra is advised by Gravis Capital Management Limited.

 

GCP Infra has been awarded with the London Stock Exchange's Green Economy Mark in recognition of its contribution to positive environmental outcomes.

 

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