15 Apr 2016 16:09
GCP Infrastructure Investments Limited
("GCP" or "the Company")
Refinancing of investment and pay-down on debt facility
On 25 March 2015 the Company announced the completion of a loan with an aggregate value of £59.7 million secured on a senior basis against the cash flows arising from a number of portfolios of domestic solar panel installation in England.
The Company is pleased to announce the completion on 14 April 2016 of a refinancing by Aviva of this loan. Pursuant to this refinancing, the Company will retain a subordinated investment of £23.9 million secured against the cash flows from the same portfolios of solar assets at a materially enhanced rate of return.
Following this refinancing, the Company has partially repaid £32.0 million of its £50 million revolving loan facility, with the drawn down balance on the facility now standing at £18.0 million.
Contact details: | |
Gravis Capital Partners LLP | |
Stephen Ellis | +44 (0)20 7518 1495 |
Rollo Wright Dion Di Miceli | +44 (0)20 7518 1493 +44 (0)20 7850 4772
|
Stifel Nicolaus Europe Limited | |
Neil Winward | +44 (0)20 7710 7600 |
Mark Bloomfield | |
Tunga Chigovanyika |
Notes to Editors
The Company
The Company is a closed-ended London Stock Exchange-listed investment company that seeks to generate returns from senior and subordinated infrastructure debt and related and/or similar assets. The Company is advised by Gravis Capital Partners LLP.
GCP Infrastructure Investments (GCP)