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Conditional investment commitment

By LSE RNS

RNS Number : 4882W
GCP Infrastructure Investments Ltd
15 November 2017
 

GCP Infrastructure Investments Limited

("GCP Infra" or the "Company")

LEI 213800W64MWATSIV5Z47

Headline: Conditional investment commitment of c. £52 million

15 November 2017

The Board of GCP Infra, which is the only UK listed fund focused primarily on investments in UK infrastructure debt, is pleased to announce that the Company has entered into a conditional, binding commitment to subscribe for a series of loan notes (the "Loan Notes") with a value of c. £52 million, the proceeds of which shall be used to finance investments in five operational onshore wind farms located across the UK (the "Projects").  

Each of the Projects is in receipt of renewable obligation certificates, a government-sponsored mechanism for promoting renewable electricity generation in the UK.

The Company's conditional investment is subject to the receipt of third party consents to the proposed transaction. 

The subscription for the Loan Notes, if issued, will be funded by the Company from its available resources at the relevant time. The Loan Notes, if issued, will be issued by an intermediary company set up for these purposes. 

For further information please contact:

Gravis Capital Management Ltd

Stephen Ellis

Rollo Wright

Philip Kent

Dion Di Miceli

 +44 (0)20 3405 8500

Stifel Nicolaus Europe Limited

Neil Winward

Mark Bloomfield

Tunga Chigovanyika

+44 (0)20 7710 7600

Buchanan

Charles Ryland

Henry Wilson

Victoria Hayns

+44 (0)20 7466 5000

 

Notes to the Editor

About GCP Infra

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.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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