Renewal of the Group's Revolving Credit Facility

RNS Number : 5467D
HICL Infrastructure Company Ld
01 February 2018
 

1 February 2018

HICL Infrastructure Company Limited

Renewal of the Group's Revolving Credit Facility

HICL Infrastructure Company Limited ("HICL" or "the Company"), the listed infrastructure investment company advised by InfraRed Capital Partners Limited, is pleased to announce the renewal of its £400m revolving credit facility for a further three years.

The facility has been agreed on improved terms for the Company, including a reduced margin of 1.65% over LIBOR. The new expiry date is 31 May 2021.

There was strong appetite for participation in the renewed facility for HICL. The ongoing support of the existing banking group, who have all remained in the facility, is testament to the Company's financial strength and its relationships with lenders. The banking group now comprises National Australia Bank, Sumitomo Mitsui Banking Corporation, Lloyds Bank, Royal Bank of Scotland, ING, Santander and HSBC, supplemented by the addition of Credit Agricole.

 

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Enquiries

 

InfraRed Capital Partners Limited                                            +44 (0) 20 7484 1800

Harry Seekings

Keith Pickard

Kirsty MacCallum

 

Tulchan Communications                                                            +44 (0) 20 7353 4200

Latika Shah

David Allchurch

 

 

Canaccord Genuity Limited                                                         +44 (0) 20 7523 8000

David Yovichic

 



 

HICL Infrastructure Company Limited

 

HICL Infrastructure Company Limited ("HICL" or the "the "HICL Group") is a long-term investor in infrastructure assets and yielding steady returns. It was the first infrastructure investment company to be listed on the London Stock Exchange. 

 

With a current portfolio of 116 infrastructure investments, HICL is seeking further suitable opportunities, which are positioned at the lower end of the risk spectrum, in three target markets segments: PPP projects; regulated assets; and demand-based assets.

 

Further details can be found on the HICL website www.hicl.com

 

 

Investment Adviser (InfraRed Capital Partners)

 

The Investment Adviser to HICL is InfraRed Capital Partners Limited ("InfraRed") which has successfully invested in over 200 infrastructure projects since 1997. InfraRed is a leading international investment manager focused on infrastructure and real estate. It operates worldwide from offices in London, Hong Kong, New York, Seoul and Sydney. With over 130 professionals it manages in excess of US$10bn

 

The infrastructure investment team at InfraRed consists of approximately 70

 

InfraRed implements best-in-class practices to underpin asset management and investment decisions, promotes ethical behaviour and has established community engagement initiatives to support good causes in the wider community. InfraRed is a signatory of the Principles of Responsible Investment.

 

Further details can be found on InfraRed's website www.ircp.com

 


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