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LONDON (Alliance News) - GCP Infrastructure Investments Ltd Tuesday said it has completed a transaction subscribing for loan notes with a term of around 18 years and an aggregate value of GBP7 million, financed from available cash reserves.
The UK infrastructure debt-focused investment firm said the notes will be issued by GCP Hydro 1 Ltd, a single purpose company. The proceeds from the issue will be used to make a senior loan secured against the cash flows arising from an operational 1.99 megawatt Hydropower scheme in Scotland.
GCP shares were quoted down 0.2% at 116.78 pence Tuesday morning.
By Anthony Tshibangu; anthonytshibangu@alliancenews.com; @AnthonyAllNews
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