GCP Infrastructure makes amendment to revolving credit arrangements

30th Jul 2021 09:05

(Sharecast News) - Investment firm GCP Infrastructure said on Friday that it has amended its existing revolving credit arrangements.
GCP said it had increased its commitment on the three-year tranche from £140.0m to £165.0m through the introduction of a new lender, Clydesdale Bank.

The FTSE 250-listed firm noted that the amendment replaced a short-term tranche that expired, and was repaid in full, at the end of June 2021.

Interest and commitment fees under the company's revolving credit arrangements remained unchanged.

As of 0905 BST, GCP shares were down 0.19% at 107.20p.