15 May 2017 07:00
15 May 2017
Infrastructure India plc
("IIP" or the "Company")
Update re Working Capital Loan
Infrastructure India plc, an AIM quoted infrastructure fund investing directly into assets in India provides the following update.
On 6 April 2017, IIP announced that the maturity date of the fully drawn US$17 million working capital loan facility (the "Loan") provided to the Company by GGIC, Ltd ("GGIC") in April 2013 had been extended to 9 June 2017. The Company does not currently have sufficient cash resources to repay the Loan and the extension enabled IIP to continue its discussions with GGIC in relation to refinancing the Loan and with respect to the Company's other capital needs.
The Company confirms that progress is being made in its discussions with GGIC in relation to refinancing the Loan as well as the Company's other capital needs and a further update will be provided, as appropriate, in due course.
Enquiries:
Infrastructure India plc Sonny Lulla
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www.iiplc.com Via Cubitt Consulting |
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Smith & Williamson Corporate Finance Limited Nominated Adviser & Joint Broker Azhic Basirov / Ben Jeynes
| +44 (0) 20 7131 4000 |
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Nplus1 Singer Advisory LLP Joint Broker Gillian Martin - Corporate Finance James Waterlow - Investment Fund Sales
| +44 (0) 20 7496 3000 |
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Cubitt Consulting Limited Financial Public Relations Simon Brocklebank-Fowler | +44 (0) 20 7367 5100 |
Infra.india (IIP)