Revolving Credit Facility downsized to £150m
25 April 2025
FORESIGHT ENVIRONMENTAL INFRASTRUCTURE LIMITED
("FGEN" or the "Company")
Revolving Credit Facility downsized to £150 million
FGEN, a leading listed investment company with a diversified portfolio of environmental infrastructure assets across the UK and mainland Europe, announces that it has reduced the size of its Revolving Credit Facility ("RCF") from £200 million to £150 million.
The downsizing of the RCF will result in an annual cost saving of £367,500. The reduced RCF, currently drawn at £100.5 million, continues to provide ample headroom to cover outstanding portfolio commitments, including the remaining payments for the Company's well progressed construction stage investments.
The Company maintains a strong balance sheet, with a sector-leading gearing ratio of 28.8% at 31 December 2024.
All other terms of the RCF as announced on 13 June 2024 remain unchanged.
For further information and enquiries, please contact:
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Foresight Group |
+44(0)20 3667 8100 |
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Winterflood Securities Limited |
+44(0)20 3100 0000
|
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SEC Newgate |
+44 (0)20 3757 6882
|
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Apex Fund and Corporate Services (Guernsey) Limited |
+44 (0)20 3530 3600
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About FGEN
FGEN's investment policy is to invest in a diversified portfolio of Environmental Infrastructure. Environmental Infrastructure is defined by the Company as infrastructure assets, projects and asset-backed businesses that utilise natural or waste resources or support more environmentally friendly approaches to economic activity, support the transition to a low carbon economy or which mitigate the effects of climate change. Such investments will typically feature one or more of the following characteristics:
· long-term, predictable cash flows, which may be wholly or partially inflation-linked cash flows;
· long-term contracts or stable and well-proven regulatory and legal frameworks; or
· well-established technologies, and demonstrable operational performance.
FGEN's aim is to provide investors with a sustainable, progressive dividend per share, paid quarterly and to preserve the capital value of the portfolio over the long term on a real basis. The target dividend for the year to 31 March 2025 is 7.80 pence per share¹.
FGEN is an Article 9 fund under the EU Sustainable Finance Disclosure Regulation and has a transparent and award winning approach to ESG.
Further details can be found on FGEN's website www.fgen.com and LinkedIn page.
LEI: 213800JWJN54TFBMBI68
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