Infrastructure India PLC - India-focused infrastructure fund - Agrees an extension to the maturity date of the term loan provided by IIP Bridge Facility. The Term Loan is a USD119 million principal secured facility and was originally announced in April 2019. Says the maturity date of May 31 has been extended to June 30. Adds IIP is engaged in discussions with several third parties regarding the potential sale of its largest asset, Distribution Logistics Infrastructure Ltd, although no definitive agreements have been signed. Explains the maturity extension enables IIP to continue working towards completing a transaction.
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By Jeremy Cutler, Alliance News reporter
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Infra.india (IIP)