23rd Nov 2016 07:52
LONDON (Alliance News) - Infrastructure project investor International Public Partnerships Ltd on Wednesday said it has agreed an expanded corporate debt facility of GBP400.0 million.
The agreement will increase the size of its facility from GBP300.0 million previously and extend the maturity date to November 2019 from May 2018.
INPP said the facility has been agreed on the same terms as its predecessor, with a margin on the cash drawn of 175 basis points over Libor.
The group said the facility is intended to provide it with flexibility to invest in new opportunities in the infrastructure sector.
By Sam Unsted; [email protected]; @SamUAtAlliance
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