IN BRIEF: GCP Infrastructure Investments frees up cash for buybacks
GCP Infrastructure Investments Ltd - closed-ended investment company advised by Gravis Capital Management Ltd providing exposure to UK infrastructure debt - Introduces third-party debt financing to portfolio of solar-power projects that it owns to recycle equity capital. The deal with an unnamed counter-party is for GBP40 million in senior loans, representing a loan to enterprise value of 38%. GCP Infrastructure also says its investment adviser is progressing disposals worth GBP60 million in total. Read More