Investments totalling ?4.99 million

RNS Number : 4059B

GCP Infrastructure Investments Ltd

05 March 2014

 



5 March 2014



GCP Infrastructure Investments Limited

("GCP" or "the Company")

Investments totalling £4.99 million

c. 20 year loan notes yielding c.9.3%

GCP, the UK's only listed infrastructure fund focused primarily on investments in UK infrastructure debt, is pleased to announce the completion of a transaction subscribing for loan notes with a term of c.20 years and an aggregate value of £4.99 million (the "Notes") on 4 March 2014. The yield on the Notes will be c. 9.3% per annum.

The Notes will be issued by GCP Rooftop Solar 4 Limited, a single purpose company, and the proceeds from the issue of the Notes will be used to make a loan secured on a senior-ranking basis against a portfolio of domestic solar panel installations in England installed by A Shade Greener Limited.

All payments of both principal and interest in relation to the Notes are expected to be serviced from income arising under the UK Government's Feed-In Tariff Scheme.

The acquisition of the Notes has been financed from available cash reserves.

Contact details:
Gravis Capital Partners LLP
Stephen Ellis	[phone]
Rollo Wright	[phone]
Oriel Securities
Neil Winward	[phone]
Tunga Chigovanyika
Cenkos Securities
Dion Di Miceli	[phone]
Tom Scrivens	[phone]
Buchanan
Charles Ryland	[phone]
Sophie McNulty

Notes to Editors

The Company

The Company is a closed-ended 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 Partners LLP.

A Shade Greener Limited

A Shade Greener Limited ("ASG") is a privately-owned group based in Tankersley, South Yorkshire. ASG developed the free solar panel business model in England, whereby ASG installs solar panels on residential property at no charge to the relevant household; the household is then able to use as much of the energy output of the panels as they are able, while ASG is paid over a 20 year term under the Feed-In Tariff scheme. ASG is the leading supplier and installer of free solar panels in the UK.  See http://www.ashadegreener.co.uk/ .

The Feed-In Tariff Scheme

The Feed-In Tariff scheme was introduced by the UK Government with effect from April 2010 to encourage the use of energy in the UK from renewable sources (including solar electricity panels). The scheme guarantees to electricity producers a fixed price for electricity produced from renewable sources for a term of 20 years, inflating at RPI.

 

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