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Pantheon Infrastructure improves terms of £115m loan
(Sharecast News) - Infrastructure investor Pantheon Infrastructure has reset key details of its fully undrawn £115m revolving credit facility, cutting the interest rate and extending the term of the loan. Pantheon said it has reset the term to 36 months, meaning the facility will now mature in February 2029, while reducing the drawn margin payable over the benchmark to 2.65% per annum from 2.85%.
While fully undrawn, the funds are expected to be used to support further investment in infrastructure assets from its investment pipeline.
The company said the new agreement provides it with "longer-term certainty" over its liquidity position at a more favourable pricing.
"The continued support of our lenders further cements PINT's standing, its continued strong performance and the high quality of its portfolio," said investment manager Richard Sem.
"Extending the loan facility provides ongoing support for liquidity planning and additional investment capacity that we expect will enable PINT to continue to execute on its high-quality pipeline of global infrastructure opportunities, and at lower cost to the company."
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