Infrastructure India plc has arranged a further extension of a working capital loan & a bridging loan
Infrastructure India plc has completed a fairness opinion on a further extension of, and increase in, the US$17 million working capital loan facility provided to the company in April 2013 by GGIC, Ltd, and has agreed a US$8 million unsecured bridging loan facility with Cedar Valley Financial, an affiliate of GGIC. Both the existing loan and the bridging loan have been extended from 30 September 2017 to 31 December 2017.
Infrastructure India is an AIM quoted fund investing in assets in the Indian infrastructure sector, with particular focus on assets and projects related to energy and transport.
Oaklins Smith & Williamson, based in the UK, acted as Nominated Advisor (Nomad) to Infrastructure India plc in this transaction and on an ongoing basis.
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