ICG Longbow updates on loan portfolio – ICG Longbow is pleased to announce that it has agreed to fund an increase and extension to an existing loan secured by a North London retail park (the “Meadow Loan”). The increase, which takes the aggregate loan to GBP20 million, is on substantially the same terms and conditions […]
Carillion hit varies across infrastructure funds – on 15 January 2018, as Carillion entered liquidation, HICL Infrastructure announced that “a contingency plan has already been developed that specifically contemplated a scenario where Carillion enters liquidation and InfraRed has been working for some time with a number of potential replacement service providers. The contingency plan has […]
Ranger Direct Board asks Kinmont to review management arrangements – Ranger Direct Lending put in place a management contract at the time of its IPO with Ranger Alternative Management II, LP. The initial term finishes on 1 May 2018 and then there is a rolling one year notice period thereafter. On 1 November 2017, the Board announced that it, in conjunction […]
Honeycomb provides funding to GLI Finance – The board of GLI Finance has announced that the company has signed a new funding facility with Honeycomb Investment Trust. The funding line has a term of 3 years and comprises a GBP50 million accordion and revolving credit facility, of which GBP20 million will be drawn and deployed […]
GCP Infrastructure provides solar funding – The board of GCP Infrastructure says that the company has subscribed for three new loan notes for a consideration of c.GBP105 million. The loan notes, with an expected term ranging between 22 and 24 years, will be used to provide funding for the acquisition of twenty two ground mounted and […]
JPMorgan Income and Capital finds a MATE – On 17 October 2017, JPMorgan Income & Capital Trust announced, in its interim results, that it was considering offering shareholders a rollover option into a new multi-asset investment trust as an alternative to liquidating their shares for cash to coincide with the end of the company’s fixed […]
Contrasting movements likely for Biotech Growth Trust investees Orbimed-managed Biotech Growth Trust (BIOG) looks set to see some contrasting fortunes for key investments in its January update, due in the middle of next month, but could nevertheless be able to offer investors a positive report. On the plus side, the trust will have seen its investment […]
UK Commercial Property sells shopping centres to Shropshire Council – UK Commercial Property Trust Limited has completed the sale of its three retail centres in Shrewsbury town centre to Shropshire Council for approximately GBP51 million, representing a small premium to book value. The three assets comprise the Charles Darwin, Pride Hill and Riverside shopping centres […]
SQN Asset Finance Income Fund (SQN) has provided an update on Suniva, in which it notes that the White House has now announced protective measures, which it says are aiming to ensure the long-term viability of the US solar cell manufacturing industry. It says that this action is intended to restore a fair and competitive […]
Ediston sees 4.8% uplift on property portfolio – Ediston Property Investment Company has announced its full year results for the year ended 30 September 2017. NAV per share at 30 September 2017 of 111.32 pence (30 September 2016: 107.07 pence), an increase of 4.0% after taking into account capital expenditure and transaction costs Fair value […]
