Pantheon Infrastructure PLC - London-headquartered investment fund focused on infrastructure assets - Extends term of its £115 million multi-currency revolving credit facility by 15 months, to ‘[provide] the company with longer term certainty over its liquidity position and, in time...to support further investment’. The facility will now mature in March 2027. Company says the terms remain broadly unchanged and that it has managed to maintain pricing at existing levels. The loan facility has a margin of 2.85% per year ‘over the relevant currency benchmark rate or compounded reference rate, payable on drawn amounts’. This will reduce to 2.65% per year once the company meets ‘certain expansion thresholds’.
Richard Sem, partner at investment manager Pantheon Ventures (UK) LLP, says: ‘The lenders’ continued support is further proof of the strong performance and high quality of PINT’s portfolio. Extending the loan facility provides ongoing support for liquidity planning and additional investment capacity that, over time, will enable PINT to continue to execute on its high-quality pipeline of global infrastructure opportunities.’
Current stock price: 76.60 pence
12-month change: down 6.6%
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