HICL Infrastructure increases revolving credit facility from £200 to £300 million

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HICL Infrastructure increases revolving credit facility from £200 to £300 million

HICL Infrastructure Company Limited has announced that it has successfully increased the size of the group's revolving credit facility from £200 million (US$255 million) to £300 (US$382 million) million.

Terms of the enlarged facility remain the same, with a margin of 1.70% over Libor and expiry in May 2019.

The banks providing the facility have expanded with ING ‎joining National Australia Bank, Lloyds Bank, Royal Bank of Scotland, Sumitomo Mitsui Banking Corporation and HSBC in the banking group.

The company has increased the size of this facility in light of the pipeline of new opportunities the group is evaluating.

HICL is a long-term equity investor in infrastructure, working with public sector clients to deliver high-quality projects which support the community and provide essential public services.

HICL’s principal objective for shareholders is to deliver predictable and sustainable dividends which are derived from the stable, inflation-correlated cashflows from the underlying infrastructure projects. The portfolio comprises more than 100 investments, and is valued in excess of £2 billion (US$2.55 billion). Projects span a range of sectors, including education, health and transport, both in the UK and overseas.

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