QuotedData’s other news – 16 April 2019
Infrastructure India (IIP) announced this morning that it has drawn down a further US$26.3m under the financing agreement with IIP Bridge Facility LLC announced earlier this month. We wrote the $105m total loan agreement earlier this month and also looked at the major issue’s IIP has been facing. Click here to read more on this story.
GCP Asset Backed Income (GABI), has announced an increase in its credit facility to £50m with the Royal Bank of Scotland. GABI will use the financing for growth purposes.
The company is coming off the back of a good year after delivering total NAV returns of 9.1% in the year to December 31, 2018. GABI had a total loan book of £372.3m at 2018 year-end. It typically lends in the £5m-20m range, an area most mainstream lenders do not tend to operate in. Close to 95% of GABI’s loan book is secured by physical assets. Click here to read more about their 2018 results.
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