John Laing infrastructure fund raises 35 million to repay debt

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John Laing infrastructure fund raises 35 million to repay debt Jonh Laing Infrastructure Fund (JLIF) has raised gross proceeds of around £35m following the successful placing of 30,567,685 new ordinary shares at 114.5p apiece.Chairman Paul Lester said: "We are pleased to have again received strong demand for our equity placing and to have priced at a significant premium to current NAV, which will be accretive to existing shareholders."The successful raise demonstrates the continued popularity of the asset class and (JLIF)'s proven low risk model, which looks to provide a predictable yield."(JLIF) will continue to take advantage of the opportunities in the secondary market, adding to its existing strong pipeline, in addition to repaying debt as part of our stated strategy."In February 2013, Jonh Laing Infrastructure Fund (JLIF) announced that it has secured a three year Revolving Credit Facility of £150 million with Lloyds TSB Bank plc, Royal Bank of Scotland plc and ING Bank NV to replace the existing £75 million facility with Royal Bank of Scotland plc.See John Laing pageSource: John Laing PR

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