24th Oct 2014 12:32
LONDON (Alliance News) - Greencoat UK Wind PLC on Friday said it has raised GBP125 million through a share issue in order to pay down its acquisition debt facility.
The renewable infrastructure fund said it raised GBP125 million via the issue of 116.8 million shares at 107 pence per share.
The amount raised is higher than Greencoat originally said it was targeting. Announcing the capital raising in September, it said it would seek to raise GBP100 million.
Greencoat shares were trading up 0.7% at 108.25 pence per share on Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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