ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

INPP International Public Partnerships Ld

124.00
-1.60 (-1.27%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
International Public Partnerships Ld LSE:INPP London Ordinary Share GB00B188SR50 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.60 -1.27% 124.00 123.80 124.40 125.00 123.60 125.00 4,133,617 16:35:17
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 370.13M 326.9M 0.1916 6.49 2.12B

International Public Partnerships INPP increases and extends its debt facility (9833W)

21/04/2023 7:00am

UK Regulatory


International Public Par... (LSE:INPP)
Historical Stock Chart


From Mar 2023 to Mar 2024

Click Here for more International Public Par... Charts.

TIDMINPP

RNS Number : 9833W

International Public Partnerships

21 April 2023

INPP increases and extends its corporate debt facility

21 April 2023

International Public Partnerships Limited ('the Company', 'INPP'), the FTSE-250 listed investment company, is pleased to announce that it has successfully amended the terms of its Corporate Debt Facility ('CDF') to support the Company's investment pipeline.

The Company has agreed to increase the committed size of its existing CDF from GBP250 million to GBP350 million. In addition, the Company will retain a flexible 'accordion' component which would, subject to lender approval, allow for a further increase in the committed size of the facility to GBP400 million. The maturity date of the CDF has also been amended from March 2024 to June 2025. The key pricing terms remain unchanged, as follows:

-- a margin of 165bps over EURIBOR for Euro drawings and 170bps over SONIA for Sterling drawings; and

-- a ratchet mechanism applies to the commitment fee such that it varies between 50bps and 90bps depending on the level of utilisation.

The banking group for the CDF remains unchanged and comprises National Australia Bank, The Royal Bank of Scotland International, Sumitomo Mitsui Banking Corporation and Barclays Bank.

As at 20 April 2023, the facility was undrawn from a cash perspective but with c.GBP17 million committed via letters of credit for near-term pipeline investments. The funding available under the CDF will be used to finance the Company's investment pipeline, including the Moray East OFTO and the portfolio of five operational assets in New Zealand.

ENDS.

For further information:

 
 Erica Sibree/Amy Edwards          + 44 (0) 7557 676 499/(0) 7827 238 
  Amber Fund Management Limited     355 
 Ed Berry / Mitch Barltrop 
  / Jenny Boyd                     +44 (0) 7703 330 199/(0) 7807 296 
  FTI Consulting                    032/(0) 7971 005 577 
 

About International Public Partnerships (INPP):

INPP is a listed infrastructure investment company that invests in global public infrastructure projects and businesses, which meets societal and environmental needs, both now, and into the future.

INPP is a responsible, long-term investor in 138 infrastructure projects and businesses. The portfolio consists of utility and transmission, transport, education, health, justice and digital infrastructure projects and businesses, in the UK, Europe, Australia and North America. INPP seeks to provide its shareholders with both a long-term yield and capital growth.

Amber Fund Management Limited ('AFML'), the Investment Adviser to INPP, is part of the Amber Infrastructure Group ('Amber') which consists of approximately 170 staff who are responsible for the management of, advice on and origination of infrastructure investments.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCURARROWUSUUR

(END) Dow Jones Newswires

April 21, 2023 02:00 ET (06:00 GMT)

1 Year International Public Par... Chart

1 Year International Public Par... Chart

1 Month International Public Par... Chart

1 Month International Public Par... Chart

Your Recent History

Delayed Upgrade Clock