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GCP refinancing and pay-down on debt

15 April 2016 16:22

GCP Infrastructure Investments has completed the refinancing of the GBP59.7 million loan agreed in March last year and secured on a senior basis against the cash flows from a number of portfolios of domestic solar panel installation in England.

The company has announced the completion of a refinancing by Aviva of this loan.

GCP will retain a subordinated investment of GBP23.9 million secured against the cash flows from the same portfolios of solar assets at a materially enhanced rate of return.

Following this refinancing, the company has partially repaid GBP32.0 million of its GBP50 million revolving loan facility, with the drawn down balance on the facility now standing at GBP18.0 million.

At 4:22pm: (LON:GCP) GCP Infrastructure Investments Ltd share price was -0.05p at 119.05p

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