(Sharecast News) - International infrastructure investor 3i on Monday said it planned to raise cash to pay down debt and finance new deals.
The company plans to place shares at 330p each, a 3.1% premium to the ex-dividend net asset value per share at September 30 and a 3.4% discount to the closing share price on February 3.
"The investment manager has identified a number of follow-on growth opportunities in existing portfolio companies, which may involve further equity investment in the near-term," 3i said in a statement.
Reporting by Frank Prenesti for Sharecast.com
3i Infrastructure (3IN)