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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Gcp Infrastructure Investments Limited | LSE:GCP | London | Ordinary Share | JE00B6173J15 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.10 | 1.50% | 74.50 | 74.20 | 74.40 | 74.50 | 73.10 | 73.10 | 452,007 | 10:05:45 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Unit Inv Tr, Closed-end Mgmt | 51.71M | 30.91M | 0.0355 | 20.70 | 640.36M |
TIDMGCP
RNS Number : 4334D
GCP Infrastructure Investments Ltd
26 April 2017
LEI No. 213800W64MNATSIV5Z47
GCP Infrastructure Investments Limited
("GCP Infrastructure" or "the Company")
Additional investment commitment of up to GBP40.0 million in social infrastructure
GCP Infrastructure, the only UK listed fund focused primarily on investments in UK infrastructure debt is pleased to announce that it has committed to subscribe for a loan note of up to GBP40 million in aggregate (the "Loan Note"), the proceeds of which will be used to finance supported living units for occupation by adults with learning or physical difficulties.
The Loan Note, with an expected term of c.35 years, will be used to provide funding for the acquisition of operational supported living units, and is secured on a senior basis against the underlying physical properties. All properties will be subject to one or more fully repairing and insuring leases with one or more housing associations in England, regulated by the Homes and Communities Agency. The initial drawdown will be for c. GBP5m, with the balance expected to be drawn over the next 12 to 18 months.
The Loan Notes will be issued by GCP Programme Funding 1 Limited, an intermediary company set up for these purposes.
The acquisition of the Loan Note has been financed from existing cash reserves.
Contact details: Gravis Capital Management Limited +44 (0)20 7518 1490 Stephen Ellis Rollo Wright Stifel Nicolaus Europe Limited +44 (0)20 7710 7600 Neil Winward Mark Bloomfield Tunga Chigovanyika Buchanan +44 (0)20 7466 5000 Charles Ryland Robbie Ceiriog-Hughes Victoria Watkins
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 Management Limited.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
April 26, 2017 09:35 ET (13:35 GMT)
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