In QuotedData’s morning briefing 25 July 2024:
- JPMorgan European Discovery (JEDT) has announced a timetable for the first of the tenders that were announced on 20 June. There will be a meeting on 2 September to approve the tender. Forms will need to be in by 3 September, the result of the tender will be announced on 5 September alongside the tender price, and cash will be distributed on 19 September.
- SDCL Energy Efficiency (SEIT) says it has agreed improved terms for the debt facilities associated with two of its investments – Primary Energy and Onyx. In Primary Energy’s case, the $178m of five-year debt comes at 350 bps (3.5%) over SOFR (saving .75% per annum) and Onyx’s three-year revolving credit facility has been upsized to $100m, supporting the deployment of new solar projects.
- New Star Investment Trust’s (NSI) return of capital via a B share scheme was approved by shareholders and will happen today.
- Baillie Gifford Japan (BGFD) has issued JPY12bn of fixed rate, senior, unsecured privately placed notes split into three tranches of JPY4 billion, maturing in 5, 10 and 14 years and with coupons of 1.56%, 2.052%, and 2.55% respectively, from the funding date of 20 November 2024. This transaction provides medium-term financing at a range of maturities and an average interest rate of 2.05%. The money will be used to repay existing bank debt of JPY9.3bn maturing in November 2024 and JPY2.6bn maturing in March 2025.
We also have:
HICL Infrastructure update covers Affinity Water Ofwat proposal
