IN BRIEF: 3i Infrastructure to pay down debt via share placing
6th Feb 2023 08:43
3i Infrastructure PLC - Jersey-based infrastructure investment trust - Announces a proposed placing of new shares at 330 pence each. The infrastructure investment firm doesn't say the amount it hopes to raise but says the funds will be used to pay down drawings on its revolving credit facility, and as liquidity for future investment. The placing price represents a 3.4% discount to its closing share price of 341.50 pence on Friday. Placing is expected to close at noon on Thursday. Read More