Pre-payment of £5M loan
Download PDF(opens in a new tab)28 January 2014
GCP Infrastructure Investments Limited
("GCP" or "the Company")
Pre-payment of £5m loan
On 3 April 2013 the Master Fund made a loan of £11.25m to GCP RHI Boiler 2 Limited. The proceeds of the loan were used to fund a debt facility to finance the installation of biomass boilers on commercial premises. However, the demand for such boilers has not been as high as anticipated and in light of the smaller than expected pipeline of near-term opportunities, GCP RHI Boiler 2 Limited pre-paid £5m of the loan amount outstanding on 27 January 2014.
It is expected that the capital pre-paid will be reinvested in accordance with the investment objectives of the Company shortly.
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Contact details: |
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Gravis Capital Partners LLP |
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Stephen Ellis |
+44 (0)20 7518 1495 |
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Rollo Wright |
+44 (0)20 7518 1493 |
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Oriel Securities |
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Neil Winward |
+44 (0)20 7710 7600 |
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Tunga Chigovanyika |
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Cenkos Securities |
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Dion Di Miceli |
+44 (0)20 7397 1921 |
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Tom Scrivens |
+44 (0)20 7397 1915 |
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Buchanan |
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Charles Ryland |
+44 (0)20 7466 5000 |
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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 "Target Assets"). The Company achieves this by investing substantially all of its capital in GCP Infrastructure Fund Limited (the "Master Fund"), an open-ended investment company that holds the Target Assets. The Company is the majority shareholder of the Master Fund. The Company and the Master Fund are advised by Gravis Capital Partners LLP (the "Investment Adviser").
This information is provided by RNS