GCP Infrastructure Investments Limited
("GCP Infra" or the "Company")
Headline: Investment commitment of c. £64 million
20 May 2019
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 commitment to subscribe for two new loan notes (the "Loan Notes") for a consideration of c.£64 million. The Loan Notes, if issued, will be used to finance an investment in the subordinated debt and shareholder interests of an operational onshore wind project located in the UK (the "Project").
The Project is in receipt of renewable obligation certificates, a government-sponsored mechanism for promoting renewable electricity generation in the UK.
The investment, if made, will be funded by the Company from its available resources at the relevant time.
For further information please contact:
Gravis Capital Management Limited +44 (0)20 3405 8500
Dion Di Miceli
Stifel Nicolaus Europe Limited +44 (0)20 7710 7600
Gaudi Le Roux
Buchanan/Quill +44 (0)20 7466 5000
Notes to the Editor
About GCP Infra
GCP Infra is a closed-ended investment company and FTSE-250 constituent whose shares are traded on the main market of the London Stock Exchange. Its objective is to provide shareholders with regular, sustained, long term distributions and to preserve capital over the long term by generating exposure to UK infrastructure debt and related and/or similar assets. The Company primarily targets investments in infrastructure projects with long term, public sector-backed, availability-based revenues. Where possible, investments are structured to benefit from partial inflation-protection. GCP Infra is advised by Gravis Capital Management Limited.
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