Last checked at 
26 Nov 2013 11:15
26 November 2013
GCP Infrastructure Investments Limited
("GCP" or "the Company")
Pre-Payment of £26m loan
On 9 April 2013 the Master Fund made a loan of £26m to GCP RHI Boiler 1 Limited. The proceeds of the loan were used to fund a debt facility to be drawn down to finance biomass boilers to be installed on commercial premises. The demand for such boilers was not as high as anticipated and given that the demand for the boilers was not expected to improve in the near-term, GCP RHI Boiler 1 Limited pre-paid the £26m in full on 25 November 2013.
It is expected that the capital pre-paid will be reinvested in accordance with the investment objectives of the Company shortly.
Contact details:
|
|
Gravis Capital Partners LLP |
|
Stephen Ellis | +44 (0)20 7518 1495 |
Rollo Wright | +44 (0)20 7518 1493 |
|
|
Oriel Securities |
|
Neil Winward | +44 (0)20 7710 7600 |
Tunga Chigovanyika |
|
|
|
Cenkos Securities |
|
Dion Di Miceli | +44 (0)20 7397 1921 |
Tom Scrivens | +44 (0)20 7397 1915 |
|
|
Buchanan |
|
Charles Ryland | +44 (0)20 7466 5000 |
Sophie McNulty Louise Hadcocks
|
Notes to Editors
The Company
The Company is a closed-ended investment company that seeks to generate returns from senior and subordinated infrastructure debt and related and/or similar assets (the "Target Assets"). The Company achieves this by investing substantially all of its capital in GCP Infrastructure Fund Limited (the "Master Fund"), an open-ended investment company that holds the Target Assets. The Company is the majority shareholder of the Master Fund. The Company and the Master Fund are advised by Gravis Capital Partners LLP (the "Investment Adviser").