Infrastructure India plc has arranged a further extension of a working capital loan & a bridging loan
September 2017 — 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.
Our role in the transaction
Oaklins Smith & Williamson, based in the UK, acted as Nominated Advisor (Nomad) to Infrastructure India plc in this transaction and on an ongoing basis.
Talk to the deal team
Related deals
Hulcher has been acquired by Turnspire Capital Partners
Hulcher Services, Inc., a leading provider of specialized rail, industrial and infrastructure services across North America, has been acquired by Turnspire Capital Partners LLC. The partnership with Turnspire marks the next chapter in Hulcher’s growth, bringing together a proven operator of mission-critical infrastructure services with an investor committed to supporting the company’s people, capabilities and long-term development.
Learn moreTA Associates has completed a sell-down of its stake in Eurowag
TA Associates has completed a US$40 million accelerated bookbuild (ABB), selling approximately 4.3% of its shareholding in W.A.G. payment solutions AS (Eurowag) through a secondary offering on the London Stock Exchange. The transaction formed part of the private equity sponsor’s continued partial exit following its investment in Eurowag in 2015. The offering attracted strong demand from international institutional and Czech investors, resulting in a successful placement at US$1.33 per share, a 7.4% discount to the previous close and a 2.2% discount to the one-month volume-weighted average price (VWAP).
Learn moreRapac Energy has completed an IPO
Rapac Energy has completed an initial public offering (IPO) on the Tel Aviv Stock Exchange, raising approximately US$138 million to support the expansion of its renewable energy platform. The transaction strengthens the company’s capital base and positions Rapac Energy to accelerate the development of new projects, expand its operating portfolio in Israel and abroad and execute its long-term growth strategy.
Learn more