24th Jan 2014 15:03
LONDON (Alliance News) - International Public Partnership Ltd Friday said it has renewed and increased its corporate credit facility to GBP175 million from GBP100 million in order to finance its pipeline of investment opportunities.
In a statement, the FTSE 250 infrastructure investor said it agreed to the three-year deal expiring December 2016 with Royal Bank of Scotland PLC Group PLC and National Australia Bank Ltd. The margin remained at 225 basis points over Libor.
The company said its pipeline of deals include the Lincolnshire Offshore Transmission Project and acquisition of interests in the Berlin Ministry of Finance and Education building in Germany.
International Public Partnership shares were Friday quoted at 127.95 pence, down 0.05 pence or 0.04%.
By Samuel Agini; [email protected]; @samuelagini
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