4th Mar 2021 11:51
International Public Partnerships Ltd - London-based infrastructure investor - renews corporate debt facility for further three years to March 2024.
New facility will have the same GBP400 million capacity, but with a different structure comprising GBP250 million on fully committed basis, and an accordion component which will allow for a future extension by the additional GBP150 million.
Key terms of facility include margin of 165 basis points over EURIBOR for euro drawings and 170 basis points over the SONIA interest rate for drawings in pound sterling.
Current stock price: 164.60 pence
Year-to-date change: down 3.3%
By Dayo Laniyan; [email protected]
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