GCP Infrastructure loan note portfolio refinanced

Infrastructure debt-focussed fund GCP Infrastructure Investments announced on Thursday that a refinancing by funds and accounts under management by Blackrock Investment Management of a portfolio of loan notes held by the GCP Infra was completed on 29 November.

Equity Investment Instruments

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GCP Infrastructure Investments Ltd

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The FTSE 250 firm said the notes were secured against infrastructure assets in the UK, and were valued at £97.4m as at 30 September.

“Pursuant to this refinancing, the company will retain a subordinated investment of £27.7m secured against the cash flows from the same portfolio of assets at a materially enhanced rate of return,” the board explained in its statement.

“The proceeds of this refinancing will be used for making new investments in accordance with the company's investment policy.”