Additional investment commitment of up to £40.0m

RNS Number : 4334D
GCP Infrastructure Investments Ltd
26 April 2017
 

                                                                                                LEI No. 213800W64MNATSIV5Z47

 

GCP Infrastructure Investments Limited

("GCP Infrastructure" or "the Company")

Additional investment commitment of up to £40.0 million in social infrastructure

GCP Infrastructure, the only UK listed fund focused primarily on investments in UK infrastructure debt is pleased to announce that it has committed to subscribe for a loan note of up to £40 million in aggregate (the "Loan Note"), the proceeds of which will be used to finance supported living units for occupation by adults with learning or physical difficulties.

The Loan Note, with an expected term of c.35 years, will be used to provide funding for the acquisition of operational supported living units, and is secured on a senior basis against the underlying physical properties. All properties will be subject to one or more fully repairing and insuring leases with one or more housing associations in England, regulated by the Homes and Communities Agency. The initial drawdown will be for c. £5m, with the balance expected to be drawn over the next 12 to 18 months.

The Loan Notes will be issued by GCP Programme Funding 1 Limited, an intermediary company set up for these purposes.

The acquisition of the Loan Note has been financed from existing cash reserves.

Contact details:


Gravis Capital Management Limited

+44 (0)20 7518 1490

Stephen Ellis


Rollo Wright




Stifel Nicolaus Europe Limited

+44 (0)20 7710 7600

Neil Winward


Mark Bloomfield


Tunga Chigovanyika




Buchanan

+44 (0)20 7466 5000

Charles Ryland


Robbie Ceiriog-Hughes


Victoria Watkins


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 Management Limited.


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCXQLFLDZFXBBB
UK 100

Latest directors dealings