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GCP Gcp Infrastructure Investments Limited

74.50
1.10 (1.50%)
Last Updated: 10:05:45
Delayed by 15 minutes
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

GCP Infrastructure Investments Ltd Additional investment commitment of up to £40.0m (4334D)

26/04/2017 2:35pm

UK Regulatory


Gcp Infrastructure Inves... (LSE:GCP)
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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

MSCXQLFLDZFXBBB

(END) Dow Jones Newswires

April 26, 2017 09:35 ET (13:35 GMT)

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