GBP 50 million Revolving Credit Facility signed
Download PDF(opens in a new tab)GCP Infrastructure Investments Ltd
24 March 2015
24 March 2015
GCP Infrastructure Investments Limited
("GCP" or "the Company")
£50 million Revolving Credit Facility signed
GCP, the only listed fund focused on investments in UK infrastructure debt, is pleased to announce that on 23 March 2015 the Company executed a three year £50 million revolving credit facility with Royal Bank of Scotland International Limited. All amounts drawn under the facility are to be used in or towards the making of investments in accordance with the Company's investment policy. Interest on amounts drawn under the facility is charged at a rate of LIBOR plus the margin. The margin is 2.25 per cent. per annum. A commitment fee is payable on undrawn commitments. An arrangement fee was levied upon signing. The facility imposes various minimum interest cover and loan-to-value ratios on the Company. Voluntary prepayment and cancellation is permitted in minimum amounts of £500,000. The facility is secured, inter alia, by way of a charge over accounts of the Company, a charge over the shares in GCP Infrastructure Asset Holdings Limited (the "Subsidiary") held by the Company and a UK debenture from the Subsidiary.
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Contact details:
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Gravis Capital Partners LLP
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Stephen Ellis
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+44 (0)20 7518 1495
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Rollo Wright
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+44 (0)20 7518 1493
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Stifel Nicolaus Europe Limited
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Neil Winward
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+44 (0)20 7710 7600
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Mark Bloomfield
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Tunga Chigovanyika
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Cenkos Securities plc
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Dion Di Miceli
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+44 (0)20 7397 1921
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Tom Scrivens
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+44 (0)20 7397 1915
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Buchanan
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Charles Ryland
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+44 (0)20 7466 5000
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Sophie McNulty
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Notes to Editors
The Company
The Company is a closed-ended London Stock Exchange-listed 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.
This information is provided by RNS
The company news service from the London Stock Exchange
This information is provided by RNS