GCP Infrastructure Investments Limited
("GCP Infra" or the "Company")
LEI 213800W64MWATSIV5Z47
Headline: Conditional investment commitment of c. £52 million
15 November 2017
The Board of GCP Infra, which is the only UK listed fund focused primarily on investments in UK infrastructure debt, is pleased to announce that the Company has entered into a conditional, binding commitment to subscribe for a series of loan notes (the "Loan Notes") with a value of c. £52 million, the proceeds of which shall be used to finance investments in five operational onshore wind farms located across the UK (the "Projects").
Each of the Projects is in receipt of renewable obligation certificates, a government-sponsored mechanism for promoting renewable electricity generation in the UK.
The Company's conditional investment is subject to the receipt of third party consents to the proposed transaction.
The subscription for the Loan Notes, if issued, will be funded by the Company from its available resources at the relevant time. The Loan Notes, if issued, will be issued by an intermediary company set up for these purposes.
For further information please contact:
Gravis Capital Management Ltd Stephen Ellis Rollo Wright Philip Kent Dion Di Miceli |
+44 (0)20 3405 8500 |
Stifel Nicolaus Europe Limited Neil Winward Mark Bloomfield Tunga Chigovanyika |
+44 (0)20 7710 7600 |
Buchanan Charles Ryland Henry Wilson Victoria Hayns |
+44 (0)20 7466 5000 |
Notes to the Editor
About GCP Infra
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.
