Investment Commitment of c.£105 million

RNS Number : 0933D
GCP Infrastructure Investments Ltd
29 January 2018
 

GCP Infrastructure Investments Limited

("GCP Infra" or the "Company")

LEI 213800W64MNATSIV5Z47

Headline: Investment commitment of c. £105 million

29 January 2018

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 subscribed for three new loan notes (the "Loan Notes") for a consideration of c.£105 million. The Loan Notes, with an expected term ranging between 22 and 24 years, will be used to provide funding for the acquisition of twenty two ground mounted and six rooftop solar asset portfolios located across the UK (the "Projects").

The Projects are all eligible for subsidy payments under either the Renewable Obligation Certificates ("ROCs") or the UK Government's Feed-In Tariff Scheme, both of which are adjusted in line with RPI.

The subscription for the Loan Notes has been funded by the Company from the proceeds of its recent placing and its revolving credit facility. The Loan Notes have been issued by Gravis Asset Holdings Limited, Gravis Solar 1 Limited and Gravis Solar 2 Limited, intermediary companies set up for these purposes.

For further information please contact:

Gravis Capital Management Ltd

Stephen Ellis

Rollo Wright

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

GCP Infra 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
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