16th Sep 2013 12:50
LONDON (Alliance News) - GCP Infrastructure Investments Limited Monday said its Master Fund had subscribed for a loan note with a term of around 14 years and an aggregate value of about GBP5.2 million.
The note has been issued by GCP Asset Finance 1 Limited which has used the proceeds to acquire, under a receivables sale agreement, a senior secured interest in a series of hire payments to be made by a maintained school in England in relation to a recently-completed sixth form teaching facility, the firm said.
GCP shares were trading at 111.90 pence Monday afternoon, up 0.40 pence or 0.4%.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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