부채 편익에 대한 업데이트
월 4 2024
인프라 인도 PLC
("IIP" or the "Company" and, together with its subsidiaries, the "Group")
부채 편익 업데이트
Infrastructure India plc, an AIM quoted infrastructure fund investing directly into assets in India, announces that the documentation to extend the maturity of its Debt Facilities ("Maturity Extensions") has been finalised.
On 29 February 2024, IIP announced that it had agreed a maturity extension with the principal lender until 15 May 2024, with documentation to be finalised. The Company now confirms that it has completed the documentation to extend the maturity of all the debt facilities to that date.
The Debt Facilities include the term loan provided by IIP Bridge Facility LLC (the "Term Loan"), the working capital loan provided by GGIC, Ltd. (the "Working Capital Loan") and the bridging loan provided by Cedar Valley Financial (the "Bridging Loan" and, together with the Term Loan and the Working Capital Loan, the "Debt Facilities").
The Term Loan is a US$119 million principal secured facility provided to IIP's wholly owned Mauritian subsidiary, Infrastructure India Holdco, originally announced in April 2019. The loan carries an interest rate of 15% per annum, calculated in a manner that yields a 15% IRR for the lender and is secured on all assets of Infrastructure India Holdco, including 100% of the issued share capital of Distribution Logistics Infrastructure India, DLI's parent company. The current amount of interest accrued is approximately US$95million.
The unsecured Working Capital Loan was originally provided to the Group in April 2013 by GGIC, Ltd. in an amount of US$17 million and increased to US$21.5 million in September 2017. The Working Capital Loan carried an interest rate of 7.5% per annum on its principal amount. The Group and GGIC, Ltd. agreed to increase its interest rate to 15% per annum from 1 April 2019. The current amount of interest accrued is approximately US$31 million.
The unsecured Bridging Loan was originally provided to the Group in June 2017 by Cedar Valley Financial and was subsequently increased in multiple tranches to US$64.1 million in March 2019. The Bridging Loan carried an interest rate of 12.0% per annum on its principal amount. The Group and Cedar Valley Financial previously agreed to increase its interest rate to 15% per annum from 1 April 2019. The current amount of interest accrued is approximately US$63 million.
관련 당사자 거래
IIP Bridge Facility LLC and Cedar Valley Financial are affiliates of GGIC, Ltd., which is, directly and indirectly, interested in 75.4% of the Company's issued share capital. Under the AIM Rules for Companies (the "AIM Rules"), IIP Bridge Facility LLC, Cedar Valley Financial and GGIC, Ltd. are each, therefore, deemed to be related parties of the Company and the Maturity Extensions are related party transactions pursuant to Rule 13 of the AIM Rules.
IIP의 독립 이사인 MS Ramachandran과 Graham Smith는 회사가 지명한 고문으로서 Strand Hanson Limited와 협의한 결과, 만기 연장 조건이 IIP 주주에 관한 한 공정하고 합리적이라고 생각합니다.
이 발표에 포함된 정보는 596년 유럽 연합(철회)법에 따라 영국 국내법의 일부를 구성하므로 시장 남용 규정(EU) No. 2014/2018에 명시된 대로 회사에서 내부 정보를 구성하는 것으로 간주합니다. , 수정됨.
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문의 :
인프라 인도 PLC 소니 룰라
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www.iiplc.com 비아 노벨라 |
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