5th Nov 2014 07:49
LONDON (Alliance News) - International Public Partnerships Ltd Wednesday said it intends to launch a tap issuance to raise funding to cut its debt facility.
The company said it plans to raise around GBP70 million through the issue of shares to qualifying investors. The deal will be handled by Numis Securities Ltd.
INPP said the funding will be used to cut its current debt facility, which is currently drawn at around GBP110 million following its recent investment in the Lincs offshore transmission project.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
International Public Partnerships