Loan Repayment

RNS Number : 2926L

Infrastructure India plc

03 September 2012

 



Date:	3 September 2012
On behalf of:	Infrastructure India plc ("IIP" or the "Company" or, together with its subsidiaries, the "IIP Group")
Embargo:	0700 hrs

Infrastructure India plc

Repayment of Secured Loan

Infrastructure India plc, an AIM listed infrastructure fund investing directly into assets in India, announces that, on 31 August 2012, it paid approximately US$26,583,000 (approximately £16.75 million) to IIP Bridge Funding, LLC (the "Lender") in order to repay the secured loan facility (the "Loan") agreed in February 2012 (US$25,000,000), together with a redemption premium and prepayment penalty of, in aggregate, US$1,550,000 and residual interest for the five days subsequent to the last quarterly interest payment. The Company used funds from its recent £40.88 million placing to repay the Loan, as anticipated in the announcement of the Company's annual results for the year ended 31 March 2012.

Following this repayment, the Company has discharged its obligations to the Lender in full.

- Ends -

Enquiries:

Infrastructure India plc	www.iiplc.com
Sonny Lulla
Smith & Williamson Corporate Finance Limited	[phone]
Nominated Adviser & Joint Broker
Azhic Basirov / Siobhan Sergeant
Investec Bank plc	[phone]
Financial Adviser & Joint Broker
Jeremy Ellis / Tim Mitchell
Merlin	[phone]
Financial Public Relations
Paul Downes / Toby Bates

 

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