|
Pantheon Infrastructure PLC on Monday said it has reset the terms of its £115 million multi-currency revolving credit facility. The London-based infrastructure investment trust said the loan facility will now mature in February 2029, extended from March 2027. In addition, the amendment includes a reduction in the drawn margin payable on the loan facility to 2.65% per annum over the relevant currency benchmark rate or compounded reference rate, payable on drawn amounts, from 2.85% previously. Pantheon Infrastructure said the amendment provides the firm with ‘longer term certainty over its liquidity position at more favourable pricing.’ The facility, which is currently fully undrawn, is expected to be used to support further investment in ‘high-quality’ infrastructure assets. Pantheon Infrastructure Partner Richard Sem said: ‘The continued support of our lenders further cements [Pantheon Infrastructure PLC’s] standing, its continued strong performance and the high quality of its portfolio.’ Shares in Pantheon Infrastructure were up 0.4% at 116.50 pence each in London on Monday. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
