John Laing infrastructure fund raises 35 million to repay debt

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
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
List of country news

Country news

  • July 02, 2013

    Bilfinger Berger Global Infrastructure announces details of share sale

    Bilfinger Berger Global Infrastructure SICAV S.A. (BBGI) has announced a share issue with a target issue size of £70 million. The share price will offer a premium of 4.26% to the Estimated Net Asset value (NAV) per existing ordinary share (30 April 2013); and a discount of 8.5% to the closing share price as at 21 June 2013. Read more
  • July 02, 2013

    HICL Infrastructure makes four new PFI acquistions in the UK

    HICL Infrastructure Company Limited has announced that it has completed the acquisition of four new investments for a combined consideration of £107.9 million. These are: Read more
  • July 02, 2013

    Balfour Beatty sells 60 % stake in Exeter airport

    Balfour Beatty has announced on June 26th, 2013, Read more
  • July 03, 2013

    Blue Transmission wins the Sheringham Shoal offshore wind farm

    The Blue Transmission consortium, comprising Macquarie Capital Group Limited and Barclays Infrastructure Funds, has completed the transaction to own and operate the transmission link to Sheringham Shoal wind farm. Read more
  • July 03, 2013

    UK launches tender for Batch 1 of the Priority School Building Programme under PF2

    The UK's Education Funding Agency (EFA) announced on 10 May, 2013, 46 schools will be rebuilt using private finance in 5 batches under the next steps of the Priority School Building Programme (PSBP). The batches will use the government's new approach to public private partnerships, known as PF2. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.