GCP Infrastructure Investments Limited
("GCP Infra" or the "Company")
LEI 213800W64MNATSIV5Z47
Headline: Investment commitment of c. £105 million
29 January 2018
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 subscribed for three new loan notes (the "Loan Notes") for a consideration of c.£105 million. The Loan Notes, with an expected term ranging between 22 and 24 years, will be used to provide funding for the acquisition of twenty two ground mounted and six rooftop solar asset portfolios located across the UK (the "Projects").
The Projects are all eligible for subsidy payments under either the Renewable Obligation Certificates ("ROCs") or the UK Government's Feed-In Tariff Scheme, both of which are adjusted in line with RPI.
The subscription for the Loan Notes has been funded by the Company from the proceeds of its recent placing and its revolving credit facility. The Loan Notes have been issued by Gravis Asset Holdings Limited, Gravis Solar 1 Limited and Gravis Solar 2 Limited, intermediary companies set up for these purposes.
For further information please contact:
Gravis Capital Management Ltd Stephen Ellis Rollo Wright 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
GCP Infra 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.
