3i Infrastructure PLC 3i Infrastructure completes investment in Infinis (3735R)
09 December 2016 - 3:48AM
UK Regulatory
TIDM3IN
RNS Number : 3735R
3i Infrastructure PLC
08 December 2016
3i Infrastructure plc completes investment in Infinis
8 DECEMBER 2016
3i Infrastructure plc ("3i Infrastructure") has completed the
acquisition of 100% of Infinis plc and its subsidiaries
("Infinis"). 3i Infrastructure has invested GBP185m. The
transaction was announced on 31 October 2016. In connection with
the transaction, 3i Infrastructure's wholly-owned subsidiary, 3i
LFG Limited, has entered into a committed financing facility with
BNP Paribas Fortis S.A./N.V., Lloyds Bank PLC and The Royal Bank of
Scotland (the "Facility") for the purposes of refinancing the
outstanding 7.0% senior notes due 2019 issued by Infinis during Q1
2017. Drawdown of the Facility is subject to satisfaction of
customary conditions.
For further information, contact:
Richard Laing Tel: +44 1534 847 410
Chairman, 3i Infrastructure
plc
Toby Bates Tel: +44 20 7975 3032
Media enquiries Email: toby.bates@3i.com
Thomas Fodor Tel: +44 20 7975 3469
Investor enquiries Email: thomas.fodor@3i.com
Notes to editors:
About 3i Infrastructure plc
3i Infrastructure plc is a Jersey-incorporated, closed-ended
investment company, listed on the London Stock Exchange and
regulated by the Jersey Financial Services Commission. The Company
is a long-term investor in infrastructure businesses and assets.
The Company's market focus is on economic infrastructure and
greenfield projects in developed economies, principally in Europe,
investing in operating businesses and projects which generate
long-term yield and capital growth.
3i Investments plc, a wholly-owned subsidiary of 3i Group plc,
is authorised and regulated in the UK by the Financial Conduct
Authority and acts as Investment Adviser to 3i Infrastructure
plc.
About Infinis
Infinis is the leading generator of electricity from LFG in the
UK. As at June 30 2016, Infinis had 121 operating sites and 7
outsourced sites geographically dispersed across the UK and had
power generation installed capacity of over 300MW at its sites.
This information is provided by RNS
The company news service from the London Stock Exchange
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