Last checked at 
21 Aug 2015 07:00
GCP Infrastructure Investments Limited
(the "Company")
GCP Infrastructure Investments Limited
("GCP" or "the Company")
Investment commitment of up to £62.9million
The Board of Directors of GCP, the UK's only listed infrastructure fund focused primarily on investments in UK infrastructure debt, is pleased to announce the completion on 20th August 2015 of a transaction subscribing for a loan note with a term of 17 years and a value of up to £62.9 million (the "Loan Note"). The Company will advance £36.6 million at completion and the remainder is expected to be drawn down over the next few months subject to various conditions.
The Loan Note will be issued by GCP Biomass 5 Limited and the proceeds used to provide a loan secured on a senior basis against a portfolio of 5 anaerobic digestion assets (the "Projects") owned by Agrivert Limited, a market leading builder and operator of Anaerobic Digestion plants. Investment by the Company in each of the Projects will remain subject to each receiving government subsidies, either in the form of the Feed-in Tariff ("FIT") scheme or Renewable Obligation Certificates ("ROCs"), which inflate at RPI.
The acquisition of the Notes has been financed from a drawing under GCP's revolving credit facility.
Contact details: | |
Gravis Capital Partners LLP | |
Stephen Ellis | +44 (0)20 7518 1495 |
Rollo Wright | +44 (0)20 7518 1493 |
Stifel Nicolaus Europe Limited | |
Neil Winward | +44 (0)20 7710 7600 |
Mark Bloomfield | |
Cenkos Securities plc | |
Dion Di Miceli | +44 (0)20 7397 1921 |
Tom Scrivens | +44 (0)20 7397 1915 |
Buchanan | |
Charles Ryland | +44 (0)20 7466 5000 |
Sophie McNultyLouise Hadcocks | |
Capita Financial Administrators (Jersey) Limited | |
Clare McIntosh | +44 (0)1534 847000 |
Gabrielle McLaughlin |