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3i Infrastructure announced plans to place up to 81m shares to raise funds to repay its debt.
Net proceeds of the placing would enable repayment of debt drawn on the company's revolving credit facility, providing flexibility to finance future acquisitions from a healthy pipeline of potential infrastructure investments in the UK and Continental Europe, the company said.
The price of the placing was expected to close at 4pm on 10 Oct, with the placing price to be determined via a bookbuild, the company said.
At 10:00am: (LON:3IN) 3i Infrastructure Ltd share price was -12.25p at 285.25p